Pick n Pay Stores Ltd. operates as an investment holding company, which engages in the trading of retail food, clothing, general merchandise, pharmaceuticals, and liquor. It operates through the South Africa and Rest of Africa segments. The South Africa segment offers formats under the Pick n Pay and Boxer brands. The Rest of Africa segment is responsible for the company's expansion into the other part of Africa. The company was founded by Raymond David Ackerman in 1967 and is headquartered in Cape Town, South Africa.