Skip to main content

Pick n Pay founder Raymond Ackerman has died

| On the move

Retail legend Raymond Ackerman (92) has died, Pick n Pay, the retail group he founded, announced on Thursday morning. 

"With profound sadness we announce that Pick n Pay founder Raymond Ackerman has passed away," the group said in a short release.

"A visionary entrepreneur, humanitarian and a great South African. Our country has lost a brilliant patriot who always saw a positive future for South Africa."

Raymond Ackerman grew up in Cape Town, matriculated from the Diocesan College (Bishops), and earned a commerce degree from the University of Cape Town.

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 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.

Pin It

Related Articles

Woolworths Foods gets new CEO as Rylands confir...

By:  Helena Wasserman – News24 Zyda Rylands, the CEO of Woolworths Foods, will be leaving the company at the end of August, the group confirmed on Thursday (14/03/2024).

Checkers is printing money with Sixty60

By: Bianke Neethling - MyBroadband Since launching in 2019, Shoprite’s Checkers Sixty60 on-demand grocery delivery service has shown exceptional growth and generates an estimated R10 billion annually.

Spar has big plans for its electrified Checkers...

By: Myles Illidge – MyBroadband Spar has a fleet of 65 electrified vehicles delivering goods through the retailer’s rapid online delivery service, and a combination of grid and solar power charges them. Blake Raubenheimer, omnichannel executive...

FNB says you can now earn eBucks rewards from S...

By: Ashley Lechman – Business Report One of the country’s largest and popular bank’s, FNB, has announced that customers will now be able to earn eBucks at SPAR retailers.

Saltzman family selling off the family silver a...

By: Edward West – Business Report The Saltzman family that founded Dis-Chem Pharmacies have sold properties and shares in the group worth about R15 billion last week.