The troubled retailer Nakumatt supermarket got a relief after the Tuskys retailer bail it out for offering some of its products to cover the empty shelves as they wait for their dispatch.
Retailer Tusker Mattresses Limited has confirmed plans to aid the recovery of Nakumatt Holdings through a strategic restocking programme.
Tusker Mattresses CEO Dan Githua said that bailing out the troubled Nakumatt ventures will enable them to expand their business as that will also have a control over it too.
“As part of a strategic corporate nursing exercise, Tuskys has commenced the restocking of key Nakumatt branches. This exercise will be stepped up through the month of November and into the festive season with the support of key suppliers,” Githua said, further pointing it out that, “As responsible players in the local formal retail sector, we are duty bound to facilitate the recovery of our market peer and we are glad that key suppliers have responded positively.”
Key suppliers supporting the progressive restocking programme underwritten by Tuskys, Githua said include Unilever Kenya, Aquamist Water, Mjengo Limited, Bidco Africa, Jackys Limited, Proctor & Allan, Aspendos Dairies and Brookside Dairy.
The Tuskys stores have bailed out Nakumatt stores as the Supermarket shelves were going empty. The Nakumatt holdings closed almost Ten branches countrywide due to rental problems as the suppliers decline to assist them due to debts.
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