Nakumatt
![A Naivas supermarket outlet. The firm is ramping up expansion across the country. [Photo/ NMG]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2021/12/Naivas-Supermarket.jpeg?fit=680%2C453&ssl=1)
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...
MARTIN SIELE2 Mins read
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...
BT Correspondent3 Mins read
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...
BT Correspondent2 Mins read
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...
MARTIN SIELE1 Mins read
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...
BT Reporter1 Mins read
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...
MARTIN SIELE2 Mins read
Going, Going…! Little Known Auctioneer Wields the Hammer on Nakumatt’s Prime Asset
Nakumatt, which started off Nakuru Mattresses, had more than 60 outlets across Kenya, Uganda, Tanzania and Rwanda.
BT Reporter3 Mins read
Bank of Africa Wins Battle to Auction Former Nakumatt CEO’s Sh2bn Property
BoA becomes the first lender to seize Mr. Shah's property while other creditors are still baying for his blood.
BT Reporter2 Mins read
Naivas Goes For the Kill in Battle for Retail Billions
The cash injection is expected to enhance Naivas’s expansion strategy that has seen it open 60 branches across the country.
BT Reporter2 Mins read
