Uchumi reaches deal with landlord over rent arrears
Acting CEO Mohamed Mohamed says retail chain has not received any auctioning proclamation from Kenya National Trading Corporation
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
Naivas takes over Nakumatt Moi Avenue
The outlet, which is located at Development House has been closed as workers from Dominion Signs commenced painting the branch as part of the process of rebranding it
NSSF closes Nakumatt Lifestyle
The retail chain has been reeling from mounting debts that has also seen it evicted from Garden City Mall and Junction Mall, where it was also the anchor tenant, over failure to pay rent
Nakumatt shuts down Nanyuki outlet
Though a notice pinned on the entrance says the closure is temporary, a worker, who did not want to be named, told the Nation newspaper that the landlord is demanding arrears running into tens of millions