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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Surething wrote: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? Sahau kabisa.... possunt quia posse videntur
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Rank: Member Joined: 1/22/2015 Posts: 682
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Surething wrote: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? No redeeming for now.
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Surething wrote: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? don't lose hope, in case of liquidation you might be paid after the employees and just before the shareholders if anything will be left by then If Obiero did it, Who Am I?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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2012 wrote: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. Future of retail is online. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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6 branches already shut;4 in Uganda and 2 in kenya. They were to shut down 18 branches so 12 more to go Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Given the ripple effect if this giant falls,is there something that we the customers can do to save it? I believe there is a way out.Lets put our ideas here. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Bigchick wrote:Given the ripple effect if this giant falls,is there something that we the customers can do to save it?
I believe there is a way out.Lets put our ideas here. Yaliyo ndwele sipite.. Only the company can save itself from itself
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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sparkly wrote:2012 wrote:Lolest! wrote:Sober 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.[/quote Future of retail is online. True. WWW.AMASEMART.COM
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Bigchick wrote:Given the ripple effect if this giant falls,is there something that we the customers can do to save it?
I believe there is a way out.Lets put our ideas here. When "giant Uchumi" fell there were no ripple effects. So just relax. Others will quietly fill the void. FYI there was a time Jack n Jill and Ebrahims were king. They call it natural selection aka survival of (for?) the fittest.
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Rank: Member Joined: 5/30/2016 Posts: 217 Location: Talai
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I heard They are cautioning themselves against the uncertainty of the General election by avoiding perishable goods.. I don't know how true it is. reserving their Ksh. in Bank. Watch and Listen and Live
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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ARAP CHARLES wrote:I heard They are cautioning themselves against the uncertainty of the General election by avoiding perishable goods.. I don't know how true it is. reserving their Ksh. in Bank. Kwani they are the only ones going through the elections? Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 12/4/2009 Posts: 10,641 Location: NAIROBI
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http://kenyanwallstreet....ne-salaries-instalments
With this, Nakumatt management will implement the new pay scale for June 2017 salaries as follows; In the first week of the month, they will be paid 30% In the second week of the month, they will be paid 30% In the third week of the month, they will be paid 40% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Ericsson wrote:http://kenyanwallstreet.com/shutting-three-branches-uganda-nakumatt-pay-june-salaries-instalments
With this, Nakumatt management will implement the new pay scale for June 2017 salaries as follows;
In the first week of the month, they will be paid 30%
In the second week of the month, they will be paid 30%
In the third week of the month, they will be paid 40% Its a pity
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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http://www.businessdaily...7462-uyivd1z/index.html
Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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obiero wrote:maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense It has gotten in to this for Nakumatt, kulipa salaries in bits, rent issues and empty selves.  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Angelica _ann wrote:obiero wrote:maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense It has gotten in to this for Nakumatt, kulipa salaries in bits, rent issues and empty selves. These are the signs of the impending death of the company.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,569
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obiero wrote:maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense Kifo cha nyani moment...TRM does not want to be caught up with Section 472 and 481 Quote:If a person (whether or not a landlord or person entitled to rent) has distrained on the property of the company during the three months immediately preceding the date of the liquidation order, that property, or the proceeds of its sale, is charged for the benefit of the company with the preferential debts of the company to the extent that the company's assets are for the time being insufficient to satisfy them. Quote:the creditor is not entitled to retain the benefit of the execution or attachment against the liquidator unless the creditor has completed the execution or attachment before the commencement of the liquidation Sad that this monkey is another victim of the interest rate cap it can't access credit to keep it running. Other monkey firms will go down with this monkey.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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wukan wrote:obiero wrote:maka wrote:hardwood wrote:http://www.businessdailyafrica.com/corporate/Nakumatt-fights-to-stop-auctioneers-in-TRM-rent-war/539550-3997462-uyivd1z/index.html Quote:Retail chain Nakumatt’s troubles have deepened after one of its creditors, Thika Road Mall (TRM), attached large amounts of the supermarket’s goods and equipment seeking to recover Sh51 million in rent arrears.
TRM, through Moran Auctioneers, seized a number of Nakumatt’s assets, including six moving trucks, 400 customer trolleys, office furniture, ovens and other electrical appliances, forcing the retailer to rush to court for an order temporarily suspending the auction. Waah free fall... Rent lazima walipe.. Hope the court hears none of the nonsense Kifo cha nyani moment...TRM does not want to be caught up with Section 472 and 481 Quote:If a person (whether or not a landlord or person entitled to rent) has distrained on the property of the company during the three months immediately preceding the date of the liquidation order, that property, or the proceeds of its sale, is charged for the benefit of the company with the preferential debts of the company to the extent that the company's assets are for the time being insufficient to satisfy them. Quote:the creditor is not entitled to retain the benefit of the execution or attachment against the liquidator unless the creditor has completed the execution or attachment before the commencement of the liquidation Sad that this monkey is another victim of the interest rate cap it can't access credit to keep it running. Other monkey firms will go down with this monkey. Credit runs the economy, if Nakumatt of all companies is being denied credit, what about Simo wa carwash or Jane wa Abuja braids
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Nakumatt: Another ailing Kenyan company
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