WINDHOEK: The O and L Group’s subsidiary WUM Properties (Pty) Ltd has announced the termination of its franchise agreement with Pick n Pay South Africa.
The termination will take effect on 30 June 2025. WUM Properties owns and runs 19 Pick n Pay branded retail outlets in Namibia under the existing franchise arrangement.
Sven Thieme, Executive Chairman of the O and L Group, told Nampa on Monday that the decision to discontinue the franchise arrangement is part of the O and L Group’s larger Vision 2029 goals. This vision aims to link the company’s operations and strategic goals with its long-term objectives.
The O and L Group has not provided any specific information on the future branding or operations of the 19 Pick n Pay outlets, he said.
‘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 01 July 202
4 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,’ he said.
Thieme stated that O and L is devoted to retail and is looking into the best ways to develop consistent value-added retail experiences that would benefit all stakeholders.
He added that while they value their long-standing partnership with Pick n Pay South Africa, they are confident that this decision is consistent with their commitment to being a more customer-centric and Namibian market-oriented business, while remaining true to their essence of being authentic, caring, and passionate.
‘We look forward to embarking on this transformative journey,’ he stated.
Source: The Namibia News Agency