One of Pick n Pay’s major franchisees was scheduled to appear in the high court in Joburg this week, after the JSE-listed retailer brought an urgent application against his business to attach its assets.

Franchisee John Baladakis says the changes Pick n Pay made to its bulk discounting model in the past five years have had a huge impact on franchises’ cost of sales and gross profit, resulting in a steady accumulation of debt in his business. It became an indebted business and though the model changed again in May last year, it still carries the legacy of this debt...

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