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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. ....

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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. ....

Willy Kimani , Nakumatt Holdings , Greenspan Mall , Amethis Finance , Tumaini Supermarkets , Sokoni Retail , வில்லி கீமணி , கிரீன்ஸ்பான் மால் ,