Death – Obituary News : Retail giant Raymond Ackerman, founder and owner of the South African company Pick n Pay, has died at the age of 92. With over 1600 stores across the country, Pick n Pay has a market cap of R17 billion. Ackerman made a significant impact on the retail industry in South Africa. RIP Raymond Ackerman.
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JUST IN: Retail Giant Raymond Ackerman has passed away at age 92
A man who made his mark in the South African #retail landscape. With over 1600 PnP stores across South Africa, the @PicknPay company has a R17 billion market cap.
RIP to the legendary founder & owner – Raymond… pic.twitter.com/78mN4PdFGs
— Ash Müller (@askashbroker) September 7, 2023
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Retail Giant Raymond Ackerman Passes Away at Age 92
South Africa mourns the loss of retail pioneer Raymond Ackerman, who passed away at the age of 92. The legendary founder and owner of the Pick n Pay company, Ackerman made an indelible mark on the South African retail landscape.
Born in 1931 in Cape Town, Raymond Ackerman began his career in the family clothing business. However, it was his venture into the grocery sector that propelled him to great success. In 1967, he purchased four small stores and transformed them into the Pick n Pay empire we know today. Under his leadership, the company expanded to over 1600 stores across South Africa, making it a retail powerhouse with a market capitalization of R17 billion.
Ackerman was known for his commitment to providing quality products at affordable prices, revolutionizing the retail industry in South Africa. His business acumen and dedication to customer service earned him widespread admiration.
Beyond his business achievements, Ackerman was a philanthropist, actively involved in various charitable initiatives. He established the Raymond Ackerman Academy, which provides education and training opportunities for aspiring entrepreneurs from disadvantaged backgrounds.
The news of Ackerman’s passing has sent shockwaves through the business community and beyond, with tributes pouring in from all corners of the country. Colleagues and friends remember him as a visionary leader who shaped the retail industry in South Africa.
Raymond Ackerman leaves behind a lasting legacy, not only in the world of retail but also in the hearts of those who were touched by his generosity and entrepreneurial spirit. He will be remembered as a true legend and an inspiration to future generations of business leaders. Rest in peace, Raymond Ackerman..