Tuskys bars Naivas from taking over Greenspan space

Tuskys bars Naivas from taking over Greenspan space

Companies

Tuskys bars Naivas from taking over Greenspan space

Tuesday December 07 2021 TUSKYS0909

Tuskys supermarket Greenspan Mall branch in Nairobi. PHOTO | SALATON NAJU | NMG

BDgeneric_logo By OTIATO GUGUYU
More by this Author

Summary

  • Tusky has failed to surrender the premises derailing Naivas, which had announced its intention to open the Greenspan store in May.
  • Tuskys until recently Kenya’s top retailer with 53 stores, has withered to less than 10 outlets operating amid stock-outs.
  • The location at Greenspan Mall owned by ICEA Lion Asset Management’s Stanlib at the heart of the populous Eastlands is strategic for Naivas potentially giving it a huge customer base.

Tuskys supermarket has prevented rival Naivas from replacing it at Donholm Greenspan Mall after the cash-strapped retailer declined to surrender the premises.

The owners of the mall auctioned Tuksy’s goods for non-payment of Sh25.9 million in rent in November…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *