Can Pick n Pay be a contender again?
However, a R4bn equity raise and an IPO could help to grease the wheels, writes The Finance Ghost
29 August 2024 - 08:00
The story of Pick n Pay’s troubles has been told enough times now.
After huge changes to the management structure and the extent of influence of the Ackerman family in the operations, the group now needs to make good on its promises of a turnaround. It has received R4bn in fresh equity capital from investors to help make that happen...
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