South Africa's Pick n Pay withdraws restructuring process, sees narrower interim loss

Oct 22 (Reuters) - South African retailer Pick n Pay (PIKJ.J), opens new tab on Thursday said it has withdrawn a previously announced restructuring consultation process, and forecast a 25%-35% narrowing in first-half headline loss per share.

The grocer has been pursuing a turnaround plan focused on improving its product offering, ⁠closing underperforming stores and cutting costs as part of a multi-year overhaul.

Reporting by Ankita Bora in Bengaluru; Editing by Vijay Kishore