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Pick n Pay shake-up focuses on future to counter R3 2bn loss

The retailer, which also posted an interim loss last year, is on track to achieve profitability with its new plan, says CEO Sean Summers.

Jaco maraisJonathan ackermanGareth ackermanJohn baladakisGeorge senoshaPay clothingPay chairperson garethGallo images

Pick n Pay to liquidate major franchisee s business

This comes after the high court found against John Baladakis’s family-owned group over its R224-million debt to the retail giant.

South africaRichard brasherJohn baladakisJohannesburg high courtPickn pay groupBpay groupDaily maverickAjp group baladakis franchise liquidation pickn pay retail sean summers

Judge rules for embattled retailer Pick n Pay in dispute with franchisee

Friday’s judgment allowed the group the right to attach the property of a large franchisee, which ran into arrears because its new discounting model.

South africaRichard brasherTamra veleyPieter booneJohn baladakisGauteng division of the high courtFranchise association of south africaGauteng divisionHigh courtFranchise associationConsumer protectionSean summersCompetition act consumer protection franchise pickn pay retail

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