Tuskys appoints former Uchumi finance boss as its new Chief Financial Officer
KENYA – Cash-strapped Kenyan retailer Tuskys Supermarket has tapped former Uchumi Chief Financial Officer Chadwick…
Tuskys
Tuskys Supermarkets receives first tranche of US$18.4m credit facility from Mauritian fund
KENYA – Troubled Kenyan retailer, Tuskys Supermarket has announced that it has received the first…
Tuskys clinches US$18.4m rescue financing from Mauritius based fund
KENYA – The struggling retailer, Tusker Mattresses Limited has inked terms of agreement with an…
Kenyan suppliers back Tuskys recovery plan with US$11m stock guarantee
KENYA – The struggling retailer, Tusker Mattresses Limited is undertaking a major comeback with the…
All systems go for Tuskys recapitalization efforts as shareholders give unanimous approval
KENYA – The Board of Directors of Tusker Mattresses limited (TML) commonly referred to as…
Tuskys plan seeking strategic partner met with set back following shareholders wrangles
KENYA – Following Tuskys Supermarket’s plan of seeking a strategic investor to inject capital into…
Kenyan retailer Tuskys seeking strategic investor in bailout plan
KENYA – Kenyan retailer Tuskys Supermarket is seeking a fresh capital injection into its operations…
Kenyan retailer Tuskys under investigations over US$12.1m unsettled debt
KENYA – Kenyan supermarket chain Tusker Mattresses Limited commonly refered to as Tuskys is under…
Kenyan suppliers express heightening concerns over delayed payments by retailer
KENYA – Once beaten twice shy, seems to be the riddle banging Kenya suppliers mind…
Tuskys halts operations in three outlets while Naivas opens new branch
KENYA – Supermarket chain Tuskys says it has temporarily halted trading in three branches to…
Kenyan retailers offer home deliveries in bid to control spread of the corona virus
KENYA – In the wake of the outbreak of COVID-19 virus, Kenyan retailers have adopted…
Tuskys partners with Sendy to offer home deliveries curbing the spread of Corona
KENYA – Kenyan retail chain, Tuskys Supermarlet has partnered with Sendy an on-demand logistic platform…
Kenyan retailer Tuskys embarks on franchising plan to drive growth
KENYA – Tuskys Supermarkets, Kenya’s leading retail chain is set to embark on franchising its…
Kenya retailer Tuskys Mattress opens additional branch in coastal region
KENYA – Kenya’s leading retailer Tusker Mattresses, which operates Tuskys Supermarkets and Mavazi Lifestyle Clothing…
Retail chain Tuskys taps former Coca-Cola’s director to drive business growth
KENYA – Tuskys Supermarkets, Kenya’s leading retail chain, has appointed Daniel Kipchumba Koech, a former…
Kenyan retailer Tuskys kick offs Nairobi Stock Exchange listing process
KENYA – Kenya’s leading retail chain, Tuskys has kicked off its listing process on the…
Tuskys takes over management of Nakumatt’s operations
KENYA – Nakumatt Holdings Administrator Peter Kahi has announced the appointment of Tusker Mattresses Limited…
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…
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…
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.