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Nakumatt: Another ailing Kenyan company
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hardwood
#221 Posted : Monday, June 26, 2017 8:22:39 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
obiero wrote:
Ericsson wrote:
Similar products are priced higher in Nakumatt than in Tuskys http://www.businessdaily...987532-tv1hlq/index.html Nakumatt should be liquidated,suppliers paid their debt and the chain folded.Naivas and Tuskys can fill the gap
Shindwe
The future of retailing in Kenya is Naivas and Chandarana.
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Mike Ock
#222 Posted : Tuesday, June 27, 2017 3:16:06 AM
Rank: Member

Joined: 1/22/2015
Posts: 682
I remember when there were rumors of their IPO and wazuans were cheering loudly in anticipation. LOL These guys should have dumped their stock on Wanjiku immediately they saw things getting elephant behind the scenes while public sentiment was still extremely positive. They would have easily raised the 15b in debt at a premium price. Now they're stuck between a rock and a hard place. Looks like this shop is destined to become another one of those family business that is just stagnant and in disrepair.
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Dahatre
#223 Posted : Tuesday, June 27, 2017 8:28:29 AM
Rank: Member

Joined: 12/21/2009
Posts: 602
And now the trade PS is negotiating a gova bailout! Who said taxpayer moneys and borrowed loans should be used to bail out private businesses? And how have bailouts worked even for publicly traded companies? mumias? Uchumi? KQ? I hope it all flops..there are others in line to fill the space!
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obiero
#224 Posted : Tuesday, June 27, 2017 8:49:03 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
Dahatre wrote:
And now the trade PS is negotiating a gova bailout! Who said taxpayer moneys and borrowed loans should be used to bail out private businesses? And how have bailouts worked even for publicly traded companies? mumias? Uchumi? KQ? I hope it all flops..there are others in line to fill the space!
Mediation is not bailout tafadhali
COOP, IMH, KEGN, KQ, MTNU
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Ericsson
#225 Posted : Tuesday, June 27, 2017 11:01:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
We have no stake in Nakumatt & we are not bailing them out." Trade PS Mr Kiptoo told The Standard.
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson
#226 Posted : Tuesday, June 27, 2017 11:03:48 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Nakumatt squashes social media rumors that they are closing down 8 Branches including TRM branch
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Sober
#227 Posted : Tuesday, June 27, 2017 4:22:27 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
hardwood wrote:
obiero wrote:
Ericsson wrote:
Similar products are priced higher in Nakumatt than in Tuskys http://www.businessdaily...987532-tv1hlq/index.html Nakumatt should be liquidated,suppliers paid their debt and the chain folded.Naivas and Tuskys can fill the gap
Shindwe
The future of retailing in Kenya is Naivas and Chandarana.
I cannot agree with you more, Chandarana have been very strategic in their expansion plan. doing like one or two stores after a couple of years. Naivas are holding some key locations, a case in point is the westlands one that is always full and will never dissapoint when one needs household goods including mboga.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Mike Ock
#228 Posted : Tuesday, June 27, 2017 4:31:07 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
Is Chandarana's slow expansion strategic really? They have some really bogus locations in the mix, for example their Muthaiga, Rosslyn Riviera and Two Rivers branches have horrendously low traffic.
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Gathige
#229 Posted : Tuesday, June 27, 2017 4:33:52 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
Mike Ock wrote:
Is Chandarana's slow expansion strategic really? They have some really bogus locations in the mix, for example their Muthaiga, Rosslyn Riviera and Two Rivers branches have horrendously low traffic.
Add another one in Ngara after fig tree.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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Ericsson
#230 Posted : Tuesday, June 27, 2017 5:00:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Yaya Center/Kilimani they have a branch
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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