Pick n Pay founder and retail Legend Raymond Ackerman has died at the age of 92. He survived by his wife Wendy, 4 children, 12 grandchildren and 4 great grand children.
He started his career with the retail chain Ackerman’s, which was founded by his father Gus. In 1946, the chain was sold to Greatermans, which started the supermarket group Shoprite/Checkers. Ackerman became CEO of Checkers in 1959, but seven years later was fired following clashes with the Greatermans board.
In 1967, he bought four Cape Town stores named Pick n Pay with the help of investors. The chain quickly expanded, and by 1975, he opened South Africa’s first hypermarket – a supersized 22 000m² store – in Boksburg.
Our sincere condolences to the Ackerman family and to PicknPay on the passing of Mr Raymond Ackerman. MHSRIEP