JOHANNESBURG – Investors aren’t happy with Pick n Pay’s decision to sell a slice of Boxer.
Pick n Pay is struggling to turn around its fortunes. Meanwhile it’s subsidiary, discount retailer Boxer, is flying.
To unlock some cash for it’s turnaround st
Pick n Pay sells Boxer stake to fund turnaround
To unlock some cash for it's turnaround strategy, Pick n Pay announced on Tuesday it would sell a further 11.5 percent stake in Boxer, valued at nearly R5 billion.
