The Ohlthaver & List Group (O&L) plans to terminate its franchise agreement with Pick n Pay South Africa by 30 June 2025.
The O&L Group, through WUM Properties, trading as Pick n Pay Namibia, owns and operates 19 Pick n Pay branded retail stores in Namibia under a franchise agreement with Pick n Pay South Africa.
This decision aligns with the O&L Group’s vision 2029 aspirations, O&L noted in a media statement on Monday.
O&L Group executive chairman Sven Thieme said the company’s priority has always been to serve Namibian customers with excellence and to contribute positively to the local economy.
“We have formally notified Pick n Pay South Africa of our decision, and we are committed to a 12-month transition period effective 1 July 2024 until 30 June 2025, to ensure a smooth and orderly transition. During this time, we will focus on minimising any disruptions to our employees, customers and business partners,” he said.
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