The market cheered Pick n Pay’s interim results this week — and the news that it’s bought on-demand liquor app Bottles to further its online appeal. While first-half earnings were scarred by the full effect of SA’s prolonged lockdown, Pick n Pay is on track to cut costs by R1bn, grow its lower-end offerings at Boxer and PnP Value, and ramp up its online presence. We spoke to CEO Richard Brasher.
You’ve been in partnership with Bottles since the beginning, so why buy it now?..
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