Nakumatt

75 Articles
The Mega Mall on Uhuru Highway which hosted Nakumatt Mega. Nakumatt owner owes lenders billions of shillings. www.businesstoday.co.ke
FEATURED STORY

Gone are the heydays when Nakumatt Mega made a killing

Nakumatt Mega was among the first stores that the Atul Shah family set up in Nairobi after expanding from Nakuru

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Retaining management key in recovery for firms under administration

An administrator should perform the management/board functions in the interests of the company’s creditors and other stakeholders

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Nakumatt bounces back with seven key outlets

Nakumatt Store Assistant Chris Ricky Amukoye (left) restocking maize and wheat flour stocks as a customer moves to pick a pack at Nakumatt...

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Nakumatt CEO faces probe in Sh18bn loss

Court-appointed administrator Peter Kahi said he would seek a forensic investigator to investigate why Atul Shah wrote off stoc in May, before the...

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Nakumatt kicks off 50% clearance sale

Shoppers are treated to clothes, clarks and sketchers, bicycles, stationary and carpets, kitchen wares, furniture and toys at the troubled retail chain's seven...

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Nakumatt vacates Village Market store

Move comes day after 14 landlords said in a joint statement they do not wish to continue with Nakumatt as a tenant and...

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Tuskys abandons Nakumatt in the ICU

Under proposed deal Tuskys was to provide Ksh650 million to support operations and up to Ksh3 billion for restocking

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Uchumi head office to be auctioned over Sh60 million debt

Kenya’s oldest retail chain owes the Kenya National Trading Corporation rent arrears for two years

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Landlords resort to dirty tactics to force out Nakumatt

From switching off electricity, executing defective court orders to denying access, mall owners' are not keen at waiting for implementation of Peter Kahi's...