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East Africa Wakes up to the Smell of Coffee | Industry Insights

East Africa Wakes up to the Smell of Coffee | Industry Insights
africaoutlookmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africaoutlookmag.com Daily Mail and Mail on Sunday newspapers.

Tuskys to lease brand in the race for survival

Tuskys to lease brand in the race for survival Tuesday June 01 2021 By VICTOR JUMA Summary CAK on Monday revealed the franchising plan, adding that Tuskys has sought regulatory guidance on how to lease its brand to investors. CAK noted that a franchise agreement may qualify for exemption from regulations banning restrictive trade practices by companies in the same industry. At its peak, the retailer was an acquisition target for global giants like Walmart seeking a foothold in East Africa. Struggling supermarket chain Tuskys has sought approval from the Competition Authority of Kenya (CAK) to lease its brand through a franchise after losing most of its stores due to non-payment of debt to landlords and suppliers.

Naivas takes over Tuskys space in Donholm mall

Naivas takes over Tuskys space in Donholm mall Wednesday May 19 2021 By BONFACE OTIENO Summary Naivas Supermarket has signed a lease agreement with the Greenspan Mall becoming the anchor tenant seven months after its rival Tuskys was kicked out over rent arrears. The retailer’s chief commercial officer Willy Kimani said the hypermarket will sit on 57,000 square feet at the mall’s ground floor. It will have a food market, focusing on fresh produce as well as electronics and general merchandise. Naivas Supermarket has signed a lease agreement with the Greenspan Mall becoming the anchor tenant seven months after its rival Tuskys was kicked out over rent arrears.

Reits market struggle for investors

Reits market struggle for investors
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Reits market struggle for investors

Reits market struggle for investors
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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