Kenya's Tuskys Signs Merger Deal to Salvage Nakumatt
Troubled retail chain Nakumatt will use the country's "biggest" retailer, Tuskys', supply chain as the two retailers look into ways of aligning their operations including management changes that will give Tuskys decision-making rights in Nakumatt, according to reports.
Capital FM, 18 September 2017
Kenya's biggest retailer, Tuskys, has signed a merger deal to rescue struggling Nakumatt Supermarket. Read more »
Tuskys Supermarket outlet on Muindi Bingu Street in Nairobi.
Nation, 18 September 2017
Trade Principal Secretary Chris Kiptoo says he is aware of ongoing talks towards a partnership between troubled retail chain Nakumatt and rival Tuskys. Read more »
High Court Judge Joseph Onguto has ordered Nakumatt to publish an advertisement inviting all creditors interested in appearing in the ongoing insolvency case to file their court ... Read more »
The retailer has reportedly issued show-cause and suspension letters to the employees who are among those who took to Mombasa Road on August 1 to protest against the delay of their ... Read more »