hisah wrote:http://www.nation.co.ke/business/news/Has-Tuskys-bought-out-its-rival-in-Nairobi/-/1006/1857366/-/3e4ifp/-/index.html
Quote:A local retail giant is said to have acquired a rival’s operations in Nairobi in a bid to consolidate its business in the city.
According to sources who did not want to be named because they are not authorised to speak on behalf of the supermarkets, Tuskys Supermarket has acquired Ukwala supermarket’s Nairobi operations for an undisclosed amount.
“I am aware they (Tuskys) have acquired Ukwala’s outlets in Nairobi,” the source told Nation last week.
Neither Ukwala nor Tuskys’ managers could not be reached for comment, but insiders said the deal has been finalised but the management has not found it appropriate to bring it to light yet.
Very interesting these retail shop moves going by nakumatt private equity then the foreigners bid appetite for uchumi. Reap ground for some M&A deals soon.
Sorry to digress, but what English is this??
DN is getting really complacent.
Back to the topic at hand, did Tuskys resolve the shareholder wrangles and infighting from a year ago?
The harder you work, the luckier you get