Creditors including flour manufacturer Uzuri Foods Ltd wanted Britania Food Ltd liquidated to recover debts running into millions of shillings.

Britania Foods: Biscuit Kings Crumble Under Weight of Debts

Peter Kahi of PKF Consulting Limited has been appointed as the Administrator of Britania Foods Limited - one of Kenya's oldest confectionary manufacturers...

MARTIN SIELE2 Mins read

Former Nakumatt CEO Atul Shah. He offered the house in Lavington as security for a loan to Nakumatt from KCB in 2011.

BUSINESS

Ex-Nakumatt Boss Atul Shah Loses Lavington Mansion to Auctioneers

Former Nakumatt CEO Atul Shah has lost a bid to overturn the sale of his palatial home in Lavington, Nairobi which fell under...

MARTIN SIELE2 Mins read

FEATURED ARTICLE

Nakumatt Administrator Distances Retailer’s Collapse From Harun Mwau’s Alleged Exit

Former Kilome Member of Parliament Harun Mwau had no stake in Nakumatt and the retail chain's painful collapse was not precipitated by the...

Samuel Gitonga2 Mins read

FEATURED ARTICLE

Nakumatt Postpones 2nd Creditors Meeting Due to Financial Audit Delays

Nakumatt Holdings (Under Administration) has postponed the second creditors meeting to allow for the completion of the ongoing financial books audit process. According...

BT Correspondent2 Mins read

FEATURED ARTICLE

Nakumatt bounces back with seven key outlets

Nakumatt Holdings, currently under administration, has embarked on a business recovery programme with a focus on seven key branches. The recovery programme dubbed...

BT Correspondent1 Mins read

FEATURED ARTICLE

Nakumatt CEO faces probe in Sh18bn loss

Nakumatt Supermarkets chief executive Atul Shah will be investigated over the loss of Ksh 18 billion worth of stock, Peter Kahi, the troubled...

REUTERS1 Mins read

FEATURED ARTICLE

Nakumatt vacates Village Market store

Nakumatt Supermarkets has shut down its prime Village Market store a day after 14 landlords demanded it exits their premises over rent arrears...

BT Reporter1 Mins read

FEATURED ARTICLE

Landlords resort to dirty tactics to force out Nakumatt

Landlords are frustrating Nakumatt’s turnaround strategy, with some resorting to disconnecting electricity in efforts to force the troubled retailer out of their premises. Peter Kahi,...