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Tuskys empire in trouble
Rank: Bona-fide Joined: 11/2/2011 Posts: 191 Location: Nairobi
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Unfortunately airing their dirty linen in public may lead to its downfall but the figure of 1.5B taken by the MD for "non-business" activities is huge; also the 550Mn for purchase of a building in Nairobi. Crazy what money can do to so called sane individuals. when is enough, enough? Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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Rank: Veteran Joined: 1/16/2007 Posts: 1,320
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A whole EMPIRE imerushwa SME. On a global scale Tuskys could very well be an SME. 
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Rank: Member Joined: 1/22/2011 Posts: 193 Location: nairobi
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There's a Press Release by the Tusky's on Daily Nation.
Looks like there is alot at play on the background of this un folding drama.
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Quote:An attempt at an out-of-court settlement of a family feud over the control of Tuskys Supermarkets has collapsed, documents filed in court show.
Yusuf Mugweru, one of the company directors, has applied to court to set aside orders stopping the criminal proceeding against other directors of the company, saying the mediation talks had flopped. LINKIf you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Veteran Joined: 11/17/2009 Posts: 2,038 Location: GA
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Seems their troubles have not stopped them from marching forward.Business daily reporting ukwala is now dispensing tuskys receipts an indication of a takeover...
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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They have acquired Ukwala, though not all in NRB and certainly not the ones outside Nairobi - which are franchised. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Member Joined: 7/17/2008 Posts: 152
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Why should this deal be probed when there is so much competition from Nakumatt and uchumi.
They can hardly be a monopoly.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Nation is reporting that all 52 branches are closed following a staff strike over the refusal by management to honour collective bargaining agreement.
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Rank: Member Joined: 3/25/2013 Posts: 552 Location: Asgard
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Lolest! wrote:Nation is reporting that all 52 branches are closed following a staff strike over the refusal by management to honour collective bargaining agreement. I passed by the tuskys near i&m building and it was closed. all the staff were on the parking lot and pavement, they had placed banners on the entrance doors. some of them read 'ukoloni mamboleo', 'tuskys officials are corrupt'. something is brewing over their
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Rank: Veteran Joined: 11/17/2009 Posts: 2,038 Location: GA
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Lolest! wrote:Nation is reporting that all 52 branches are closed following a staff strike over the refusal by management to honour collective bargaining agreement. Sema hasara what could be the average daily collection for one branch.Sometime back a tuskys manager in kisumu was arrested for not banking 8million which must have been its weekly collection
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Always remember to pay your workers well...what is the point of making billions and having disgruntled staff... possunt quia posse videntur
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Rank: Member Joined: 4/25/2011 Posts: 368 Location: Nairobi
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madollar wrote:Lolest! wrote:Nation is reporting that all 52 branches are closed following a staff strike over the refusal by management to honour collective bargaining agreement. Sema hasara what could be the average daily collection for one branch.Sometime back a tuskys manager in kisumu was arrested for not banking 8million which must have been its weekly collection Last years turnover was about 25 billion meaning that average per day is about 69 million. Considering annual growth and also this is the highest shopping season, I would estimate lost sales of Kshs 90-100 million per day lost.
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Rank: New-farer Joined: 10/22/2012 Posts: 17
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maka wrote:Always remember to pay your workers well...what is the point of making billions and having disgruntled staff... It is a shame really that they do that,plus this is a Kenyan Story. What if one day Google was deleted and we couldn't Google what happened to Google
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Rank: Member Joined: 2/13/2007 Posts: 57
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the biggest looser in this are the middle level suppliers..... the guys who's single biggest client is Tuskys...
obviously the family feude aside they have already made their money and that's y they are willing to risk closure in the biggest shopping wknd of the year.
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Rank: Member Joined: 1/22/2015 Posts: 682
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Drama erupts again https://www.youtube.com/watch?v=Ckqdthua_ww What is happening here? Mi naona hii mambo ya kuwachia watoto kila kitu it can only lead to drama. Better to leave the kids something moderate to build off of, than to leave them without any struggle at all then they become lost, idle rabble rousers
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Mike Ock wrote:Drama erupts again https://www.youtube.com/watch?v=Ckqdthua_ww What is happening here? Mi naona hii mambo ya kuwachia watoto kila kitu it can only lead to drama. Better to leave the kids something moderate to build off of, than to leave them without any struggle at all then they become lost, idle rabble rousers I always thought this CEO was doing a good job...
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Rank: Member Joined: 8/27/2010 Posts: 495 Location: Nairobi
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Mike Ock wrote:Drama erupts again https://www.youtube.com/watch?v=Ckqdthua_ww What is happening here? Mi naona hii mambo ya kuwachia watoto kila kitu it can only lead to drama. Better to leave the kids something moderate to build off of, than to leave them without any struggle at all then they become lost, idle rabble rousers 3rd generation curse: 1st generation earns it 2nd generation learns it 3rd generation burns it Sent from my Black Nokia 3310
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Ash Ock wrote:Mike Ock wrote:Drama erupts again https://www.youtube.com/watch?v=Ckqdthua_ww What is happening here? Mi naona hii mambo ya kuwachia watoto kila kitu it can only lead to drama. Better to leave the kids something moderate to build off of, than to leave them without any struggle at all then they become lost, idle rabble rousers 3rd generation curse: 1st generation earns it 2nd generation learns it 3rd generation burns it Ash and Mike Ock, between the two of you, who is 1st and 3rd generation? If Obiero did it, Who Am I?
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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Swenani wrote:Ash Ock wrote:Mike Ock wrote:Drama erupts again https://www.youtube.com/watch?v=Ckqdthua_ww What is happening here? Mi naona hii mambo ya kuwachia watoto kila kitu it can only lead to drama. Better to leave the kids something moderate to build off of, than to leave them without any struggle at all then they become lost, idle rabble rousers 3rd generation curse: 1st generation earns it 2nd generation learns it 3rd generation burns it Ash and Mike Ock, between the two of you, who is 1st and 3rd generation? Very embarrassing indeed. Instead of the 3rd generation using the wealth to go the "Harvards", intern at "Wallmarts" and return and perfect on what the first generation built, they are busy shouting Haki Yetu. Kwanza that lady in green in the video ni disaster. This is one business taht cannot last for long. I am pretty sure the branch managers are by now plundering the branches and stockings their Kiosks "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Gathige wrote:Swenani wrote:Ash Ock wrote:Mike Ock wrote:Drama erupts again https://www.youtube.com/watch?v=Ckqdthua_ww What is happening here? Mi naona hii mambo ya kuwachia watoto kila kitu it can only lead to drama. Better to leave the kids something moderate to build off of, than to leave them without any struggle at all then they become lost, idle rabble rousers 3rd generation curse: 1st generation earns it 2nd generation learns it 3rd generation burns it Ash and Mike Ock, between the two of you, who is 1st and 3rd generation? Very embarrassing indeed. Instead of the 3rd generation using the wealth to go the "Harvards", intern at "Wallmarts" and return and perfect on what the first generation built, they are busy shouting Haki Yetu. Kwanza that lady in green in the video ni disaster. This is one business taht cannot last for long. I am pretty sure the branch managers are by now plundering the branches and stockings their Kiosks Fish Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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