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 do not support the proposals for recovery advanced by the administrator, Mr Peter Kahi
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 turnaround strategy
Another landlord seeks to evict Nakumatt
Munga Holdings says it has suffered significant financial loss and the imminent collapse of its business unless it is given green light to terminate the lease
Nakumatt administrator protests Nyali eviction
Peter Kahi says he will be swiftly moving to surcharge and effect the recovery of destroyed goods and property valued at more than Sh300 million, saying mall owner violated Insolvency Act
Regulator gives greenlight to Nakumatt, Tuskys deal
Tuskys, which plans to inject Sh 3 billion into the rival retailer, will also provide management services to Nakumatt such as overseeing procurement processes and inventory management
Nakumatt administrator reaches out to stakeholders
Peter Kahi has implored the retailers’ suppliers and shoppers to continue providing their support, as efforts to formulate a rescue plan get under way.