O&L group announces notice of termination of Pick n Pay Namibia franchise agreement

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 minimizing 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.”