{"id":15205,"date":"2012-10-03T17:28:05","date_gmt":"2012-10-03T15:28:05","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-2-ex-tesco-boss-to-head-up-s-africas-pick-n-pay\/"},"modified":"2012-10-03T17:28:05","modified_gmt":"2012-10-03T15:28:05","slug":"update-2-ex-tesco-boss-to-head-up-s-africas-pick-n-pay","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-ex-tesco-boss-to-head-up-s-africas-pick-n-pay\/","title":{"rendered":"UPDATE 2-Ex-Tesco boss to head up S.Africa&#8217;s Pick n Pay"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* New CEO starts work in February 2013<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Pick n Pay shares jump nearly 7 percent<\/p>\n<p><span><\/span><\/p>\n<p>* Pick n Pay looking to regain market share<\/p>\n<p><span><\/span><\/p>\n<p>By Tiisetso Motsoeneng<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Oct 3 (Reuters) &#8211; South Africa&#8217;s Pick n Pay<br \/>\n named the former head of Tesco&#8217;s UK business as its new<br \/>\nchief executive on Wednesday, as the country&#8217;s No.2 grocer<br \/>\nstruggles to regain market share and fend off competition from<br \/>\nU.S. giant Wal-Mart.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of Pick n Pay rallied nearly 7 percent after it said<br \/>\nRichard Brasher, a Tesco veteran of 25 years, will take<br \/>\nover in February, ending a roughly seven-month search for a new<br \/>\nchief executive.<\/p>\n<p><span><\/span><\/p>\n<p>Brasher will take charge of a retailer that has lost market<br \/>\nshare to domestic rivals and is now facing further pressure from<br \/>\nWal-Mart Stores Inc.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s major coup for Pick n Pay, particularly as the<br \/>\ncompetitive environment heats up,&#8221; said Natalie Berg, an analyst<br \/>\nat London-based consultancy Planet Retail.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s clear that his expertise in going up against Wal-Mart<br \/>\nin the UK, which is the most competitive market in the world,<br \/>\nwas the most obvious attraction to Pick n Pay.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* New CEO starts work in February 2013 * Pick n Pay shares jump nearly 7 percent * Pick n Pay looking to regain market share By Tiisetso Motsoeneng JOHANNESBURG, Oct 3 (Reuters) &#8211; South Africa&#8217;s Pick n Pay named the former head of Tesco&#8217;s UK business as its new chief executive on Wednesday, as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15205","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15205"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15205\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}