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Pick n Pay
The Pick n Pay Group is one of Africa's largest and most consistently successful retailers of food, general merchandise and clothing. Today, the Pick n Pay Group has a total of 775 stores, made up of Hypermarkets, Supermarkets and Family Stores (which are franchise stores). Pick n Pay employs over 42 000 people, and generates an annual turnover of R55.3 billion. It wasn't always this way, though. In 1967, Pick n Pay was founded as a family controlled business with four small stores in the Western Cape. The next year, the company listed on The JSE Limited Securities Exchange, and from there Pick n Pay grew into the leading retail group it is today. Concentrating on food, clothing and general merchandise, the Pick n Pay Group is managed through two divisions: Pick n Pay Retail Division and the Group Enterprises Division. Each division has its own management board.