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Pick 'n Pay CEO Sean Summers: We had to burn billions to save the company

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Sean Summers, CEO of Pick n Pay, outlines a tough but deliberate turnaround for the retailer as it battles market volatility, labour tensions and legacy costs. In a frank interview, he defends short-term share price swings and emphasises long-term value creation through restructuring and investment in stores and Boxer. He insists the goal is a sustainable, competitive future rather than quick fixes, despite pressure from losses, inflation and ongoing negotiations with unions and suppliers across South Africa’s retail sector today.
25 May 8AM English South Africa Investing · Business News

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