Tag: Nakumatt

3 New Naivas Outlets Set for Nairobi, Malindi

The firm which currently has over 70 branches has been ramping up expansion following the acquisition of a 30% minority stake worth Ksh6 Billion by a consortium of investors including the International Finance Corporation (IFC).

Retail Curse? Another Supermarket On The Brink Of Collapse

The supermarket has lately been unable to stock essential products like milk, bread, sugar and foodstuffs after suppliers stopped servicing orders over delayed payments.

Quickmart Acquires Retail Bragging Rights As Merger Powers Growth

Leading retail chain Quickmart is marking its 15 years in operation with a one-month celebration to reward customers with assorted incentives and prizes worth millions of shillings between 3rd September and 3rd of October 2021. In the national consumer campaign launched on 3rd September under the ‘Sherehe...

Auctioneers Eye Ksh30M for Atul Shah’s Lavington Mansion

Shah had attached a number of his personal properties to secure credit lines for Nakumatt. Offered as security in 2011, the Lavington home accounted for Ksh25 million of the loans worth billions of shillings.

CBK Appoints Liquidator for Nakumatt-Linked Charterhouse Bank Limited (CHB)

he bank  had 10 branches in Nairobi, Kisumu and Mombasa. Eight of these branches were located at  branches of the erstwhile Nakumatt Supermarket Stores, an associate of the bank through  common shareholding.  

Ex-Nakumatt Boss Atul Shah Loses Lavington Mansion to Auctioneers

By the time the supermarket chain collapsed in January, it had racked up debts amounting to over Ksh30 billion - including Sh18 billion to suppliers, Sh4 billion to commercial paper holders and the rest to banks.