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28 May 2017 16:37 (South Africa)

Pick n Pay leaves Australia

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

Pick n Pay is saying goodbye to its business interests Down Under. The South African company announced on Thursday that it will sell its Australian subsidiary, the supermarket Franklins, to Metcash Trading. The R1.4 billion Pick n Pay will receive from the sale will be reinvested in the group's southern African operations. Read more: Fin24

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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