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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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The future of retailing in Kenya is Naivas and Chandarana.
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Rank: Member Joined: 1/22/2015 Posts: 682
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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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Rank: Member Joined: 12/21/2009 Posts: 602
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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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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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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hardwood wrote: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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Rank: Member Joined: 1/22/2015 Posts: 682
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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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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Yaya Center/Kilimani they have a branch Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Ericsson wrote:Yaya Center/Kilimani they have a branch Chandarana ni ya nani? Chandaria ama Ubako? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Impunity wrote:Ericsson wrote:Yaya Center/Kilimani they have a branch Chandarana ni ya nani? Chandaria ama Ubako? It was founded in 1964 when Shantilal Mulji Thakkar opened the first "duka" in 1964. Over years it transformed into a supermarket. Even after his demise by 2013 the establishment was largely a family business run by his 3 sons. linkTime is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Gatheuzi wrote:Impunity wrote:Ericsson wrote:Yaya Center/Kilimani they have a branch Chandarana ni ya nani? Chandaria ama Ubako? It was founded in 1964 when Shantilal Mulji Thakkar opened the first "duka" in 1964. Over years it transformed into a supermarket. Even after his demise by 2013 the establishment was largely a family business run by his 3 sons. link Kibaki could never be part of this business called Chandarana
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Sober wrote:hardwood wrote: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. Naivas will be king soon Some years back, I hadn't shopped at any of their branches. Now they're everywhere. Outside Nairobi they have a good footprint
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Lolest! wrote:Sober wrote:hardwood wrote: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. Naivas will be king soonSome years back, I hadn't shopped at any of their branches. Now they're everywhere. Outside Nairobi they have a good footprint I think Carrefour is the one to watch since they have experience elsewhere. Somehowly, our local supermarkets start disintegrating when they grow big.
BBI will solve it :)
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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hardwood wrote:
The future of retailing in Kenya is Naivas and Chandarana.
Both are also struggling to pay suppliers btw...just ask around. There is a sickness in big retail, and that sickness is called siphoning...  Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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KulaRaha wrote:hardwood wrote:
The future of retailing in Kenya is Naivas and Chandarana.
Both are also struggling to pay suppliers btw...just ask around. There is a sickness in big retail, and that sickness is called siphoning... Kenyans don't have purchasing power for big retail. If you ask the retailers who are their biggest customers(size of basket) it's mostly the expatriates, NGO's and diplomats. Nakumatt actually did the expansion when the oil expats were around before the oil prices tanked. Formal retail occupies less than 30% of the market, the mama mbogas, hawkers, small kiosks and stall control the 70%. Convenient stores is what you need for kenyan retail.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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I also think expansion is haphazard. Look at Chandarana, they have a branch in Two Rivers and another in Rosslyn Riviera. Logic? Business opportunities are like buses,there's always another one coming
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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If Obiero did it, Who Am I?
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Rank: New-farer Joined: 7/12/2016 Posts: 39 Location: Nairobi
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My only tie with Nakumatt is their loyalty card where I have accumulated 13,000 points...... I wonder whether we'll ever have a chance to redeem them?
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Nakumatt: Another ailing Kenyan company
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