The O&L Group, which owns Namibia’s Pick n Pay franchise, is ending its agreement with Pick n Pay South Africa.
The group, through WUM Properties (Pty) Ltd trading as Pick n Pay Namibia, owned and operated 19 Pick n Pay retail stores in Namibia.
O&L Group gave notice to terminate the franchise agreement with Pick n Pay South Africa by 30 June.
This decision aligns with its vision for 2029, the group says.
O&L Group executive chairman Sven Thieme says 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 disruption to our employees, customers and business partners. Change is the only constant and we believe this change would bring growth and innovation,” he says.
He says O&L is committed to retail and are exploring the best way forward to create consistent value-added retail experiences, benefiting all stakeholders.
“While we appreciate the long-standing partnership we have had with Pick n Pay South Africa, we are confident that this decision aligns with our commitment to being a more customer-centric and Namibian market-oriented business, staying true to our essence of being authentic, caring and passionate.
“We are looking forward to embarking on this transformative journey,” Thieme says.
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