Pick n Pay Withdraws Restructuring Process, Forecasts Narrower Interim Loss
Pick n Pay said it withdrew a previously announced restructuring consultation and forecast a 25%-35% narrowing in first-half headline loss per share.
South African retailer Pick n Pay JSE:PIK on Thursday said it has withdrawn a previously announced restructuring consultation process, and forecast a 25%-35% narrowing in first-half headline loss per share.The grocer has been pursuing a turnaround plan focused on improving its product offering, clo…