BN Edge | CEO Sean Summers: Pick n Pay's long road back from the brink

Three years ago, Sean Summers said, the talk at South African braais was whether Pick n Pay would survive at all. On results day, with the supermarket business still losing R516 million in six months and break-even pushed out to 2029, he told Alec Hogg why he wasn't in a hurry. He explained how the five-month stand-off with SACCAWU ended in a deal rather than retrenchments, what he said finally brought "seriousness into the room", and why he believed Pick n Pay was now outgrowing rivals that have opened hundreds more stores. He also took on the hard questions: whether being CEO of Pick n Pay and chair of Boxer is a conflict, why the market values the group at less than its Boxer stake, and what Spencer Sonn inherits when he arrives in February. His message to investors was blunt: it's not if, but when.