The O&L Group through WUM Properties (Pty) Ltd 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 (as franchisor).
The O&L Group, through WUM Properties (Pty) Ltd has given notice to terminate the franchise agreement with Pick n Pay South Africa by 30 June 2025. This strategic decision aligns with the O&L Group’s Vision 2029 aspirations.
Sven Thieme, Executive Chairman of the O&L Group, stated, “Our priority has always been to serve our Namibian customers with excellence and to contribute positively to our 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. ‘Change is the only constant’ and we believe this change will bring growth and innovation.
O&L is committed to retail and we are exploring the best way forward to create consistent value-added retail experiences, ultimately benefiting all our 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 look forward to embarking on this transformative journey.”
About O&L
The O&L Group is a proudly Namibian company with a rich history spanning over a century. As a diversified group of companies, O&L is committed to creating a sustainable future and improving the quality of life for all Namibians. Our portfolio includes interests in various sectors such as retail, fishing, dairy, engineering, property development and hospitality, amongst others. With our Vision 2029 strategy, we aim to be a catalyst for positive change, driving innovation and fostering a culture of care and passion in all our business endeavours. Under the leadership of Executive Chairman, Sven Thieme, O&L has received numerous accolades, including the Namibian Business Hall of Fame Award and the Sustainability Leadership Award and most recently, the prestigious Forbes Africa Business Leader Award. Sven Thieme’s visionary leadership has been instrumental in positioning O&L as a leader in sustainable business practices and community development.
About Pick n Pay South Africa
Pick n Pay South Africa is one of the largest and most established retail chains in the country. Founded in 1967, the company has grown to become a household name, known for its commitment to quality, affordability and customer service. Pick n Pay operates a range of store formats, including hypermarkets, supermarkets and convenience stores, catering to diverse customer needs. Beyond South Africa, Pick n Pay has expanded its footprint across the African continent, operating in countries such as Namibia, Botswana, Zambia and Zimbabwe, bringing its retail experience to a wider audience.
