Tag: Pick n Pay

Shoprite opens 268 stores in South Africa
BusinessHot News

South Africa’s top retailer Shoprite opens 268 stores in $239 million push

Shoprite opens 268 stores in South Africa after R3.9bn investment, beating targets and widening lead over rivals.

Oluwatosin Alao Oluwatosin Alao
Pick n Pay raises $282 million from Boxer stake sale to aid turnaround
BusinessHot News

Pick n Pay raises $282 million from Boxer stake sale to aid turnaround

Pick n Pay Stores Ltd., the South African grocery chain, has raised $282 million by selling part of its stake in discount retailer Boxer, giving the supermarket group more room to fund its recovery plan after one of the toughest periods in its history. The sale, confirmed on Tuesday, involved about 57.3 million Boxer ordinary shares, equal to roughly 12.5…

Oluwatosin Alao Oluwatosin Alao
FNB, Pick n Pay roll out $35 million rewards boost for shoppers
BusinessTechnology

FNB, Pick n Pay roll out $35 million rewards boost for shoppers

South African consumers under pressure from rising food and living costs are increasingly turning to rewards programs to stretch household budgets, pushing retailers and banks to deepen partnerships built around everyday spending. First National Bank, a unit of FirstRand, and Pick n Pay Stores Ltd., the South African grocery chain said their joint eBucks initiative has delivered more than $35…

Oluwatosin Alao Oluwatosin Alao