Kenya’s retailer Ukwala mulls exiting business over unpaid debts
KENYA – Kenya retailer, Ukwala Supermarkets has applied to the court for the permanent closure…
Nakumatt
Audit shows Nakumatt lost US$178 million in fraud
KENYA – Retail chain Nakumatt has suffered about US$178 million in a fraud, which the…
Shoprite takes up Westgate and Garden City spaces
KENYA – South African retailer Shoprite will take up the Westgate and Garden City; as…
Nakumatt bid to sack 800 sparks war with union
KENYA – Troubled retailer Nakumatt has embarked on a massive layoffs plan targeting 800 employees…
Tuskys takes over management of Nakumatt’s operations
KENYA – Nakumatt Holdings Administrator Peter Kahi has announced the appointment of Tusker Mattresses Limited…
Carrefour spreads wings in Kenya amidst Nakumatt woes
KENYA – Carrefour, one of the largest hypermarket chains in the world, has opened its fourth outlet…
Regulator rejects Tuskys-Nakumatt deal, asks for revision
KENYA – The competition regulator has rejected retail chain Tuskys’ proposed merger with troubled Nakumatt…
Choppies builds US$200m war chest for branch expansion
KENYA – Botswana’s Choppies plans to open between 20 and 25 branches in Kenya, as it races to take…
Tuskys faces probe over Nakumatt stocking plan
KENYA – The competition watchdog is investigating a deal in which supermarkets chain Tuskys is…
Former Nakumatt Marketing head takes up Uchumi COO role
KENYA – Uchumi Supermarkets has appointed ex-Tesco executive Andrew Dixon as chief operating officer (COO)…
Despite setbacks, Kenyan supermarket sector amongst best in Africa
KENYA – Kenya’s retail sector is still among the most attractive for long-term investors in…
Tuskys to guarantee Sh3bn Nakumatt debt as part of merger deal
KENYA – The battle to save Nakumatt Supermarkets yesterday took a new turn after rival…
Shoprite prepares Kenya entry to fill gaps left by Nakumatt
KENYA – Shoprite Holdings Ltd. is in talks to open its first stores in Kenya by…
Nakumatt closes Tanzania branch over rent arrears
KENYA – Nakumatt Supermarket has closed its Arusha branch in Tanzania, the latest in a…
Nakumatt CEO to leave in proposed Tuskys buyout
KENYA – Tuskys Supermarkets will take up a 51 per cent stake in troubled Nakumatt…
Nakumatt closes two Western Kenya branches
KENYA – More job losses are looming at troubled supermarket chain Nakumatt after the retailer…
Ex-Tesco exec steps down as Nakumatt Chief Marketing Officer
KENYA – The former executive of British retail giant Tesco, Andrew Dixon has left the…
Nakumatt closes Westgate Mall branch
KENYA – Struggling Nakumatt Supermarket has announced the closure of its Westgate branch, as the…
Carrefour takes Thika Road outlet after Nakumatt exit
KENYA – French retailer Carrefour will next month take over Nairobi’s Thika Road Mall (TRM)…
Nakumatt, Tuskys could list on stock exchange after merger
KENYA – Regional retailer Nakumatt and its competitor Tuskys could list on the Nairobi Securities…
Tuskys, Nakumatt to retain family shareholding after merger
KENYA – Tuskys Supermarket chief executive Dan Githua has said the proposed merger with Nakumatt will see the two retail chains operate under one management with the owner-families remaining the principal shareholders after the transaction.
Nakumatt, Tuskys deal faces regulatory hurdle
KENYA – Troubled retail chain Nakumatt’s proposed merger with rival Tuskys Supermarkets was yesterday facing a major regulatory hurdle after it emerged that the two top retailers had not sought the competition watchdog’s approval as required by law.
Naivas, Carrefour angle to take Nakumatt’s closed outlet
KENYA – Naivas and Carrefour supermarkets are front-runners to take over space vacated by the troubled Nakumatt Holdings at the Thika Road Mall (TRM).
Nakumatt and Tuskys supermarkets sign merger deal
KENYA – Troubled Nakumatt Supermarket has turned to Tuskys in bid to rescue its dwindling…