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Raymond Ackerman (businessman)
Born
Buying four Pick n Pay stores in 1967 gave Ackerman and his wife Wendy the base for a much larger supermarket business. Borrowed money and support from investors helped fund the purchase; expansion and a subsequent listing made the family holding increasingly valuable. Raymond already had retail experience and a family connection to the trade, showing how those advantages could be combined with outside finance to build a new enterprise.
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