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Tag: Nakumatt

Naivas, Cleanshelf open new branches in Nakuru, take over spaces of struggling Tuskys, Ukwala

April 14, 2021April 14, 2021

KENYA – IFC backed Kenyan retailer Naivas Supermarket has opened its fourth store in Nakuru town, as local chain Cleanshelf…

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AFRICAN NEWS Food service, Retail, E-commerce LATEST NEWS 

Kenya’s retailer Ukwala mulls exiting business over unpaid debts

February 7, 2019February 7, 2019

KENYA – Kenya retailer, Ukwala Supermarkets has applied to the court for the permanent closure of business revealing that it…

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Financials & Economy Investments & Funding News LATEST NEWS Sustainability 

Audit shows Nakumatt lost US$178 million in fraud

March 17, 2018March 17, 2018

KENYA – Retail chain Nakumatt has suffered about US$178 million in a fraud, which the management in a report attributed…

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Investments & Funding News LATEST NEWS 

Shoprite takes up Westgate and Garden City spaces

March 2, 2018March 2, 2018

KENYA – South African retailer Shoprite will take up the Westgate and Garden City; as part of the two of…

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LATEST NEWS 

Nakumatt bid to sack 800 sparks war with union

March 1, 2018March 1, 2018

KENYA – Troubled retailer Nakumatt has embarked on a massive layoffs plan targeting 800 employees in a move that has…

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LATEST NEWS 

Tuskys takes over management of Nakumatt’s operations

January 26, 2018January 27, 2018

KENYA – Nakumatt Holdings Administrator Peter Kahi has announced the appointment of Tusker Mattresses Limited as the new managers for…

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LATEST NEWS 

Carrefour spreads wings in Kenya amidst Nakumatt woes

January 24, 2018January 27, 2018

KENYA – Carrefour, one of the largest hypermarket chains in the world, has opened its fourth outlet at Junction Mall in Nairobi,…

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LATEST NEWS 

Regulator rejects Tuskys-Nakumatt  deal, asks for revision

December 6, 2017December 6, 2017

KENYA – The competition regulator has rejected retail chain Tuskys’ proposed merger with troubled Nakumatt Supermarkets, arguing that the application…

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LATEST NEWS 

Choppies builds US$200m war chest for branch expansion

November 16, 2017November 20, 2017

KENYA – Botswana’s Choppies plans to open between 20 and 25 branches in Kenya, as it races to take advantage of the market gap…

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LATEST NEWS 

Tuskys faces probe over Nakumatt stocking plan

November 8, 2017November 9, 2017

KENYA – The competition watchdog is investigating a deal in which supermarkets chain Tuskys is funding the restocking of troubled…

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LATEST NEWS 

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  • IFF bolters R&D capabilities with launch of two innovation labs in Denmark
  • Danish Crown buys industrial property from Skare Meat Packers
  • Tunisia allows fishmeal and fishery products imports from Russia
  • UK Greek-style yogurt maker Tims Dairy invests in new capacity to boost production
  • UK Greek-style yogurt maker Tims Dairy invests in new capacity to boost production

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