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Tuskys empire in trouble
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GenghisCapitalLtd
#21 Posted : Wednesday, May 02, 2012 1:36:46 PM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
Unfortunately airing their dirty linen in public may lead to its downfall but the figure of 1.5B taken by the MD for "non-business" activities is huge; also the 550Mn for purchase of a building in Nairobi. Crazy what money can do to so called sane individuals. when is enough, enough?
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Mtu Biz
#22 Posted : Wednesday, May 02, 2012 6:53:09 PM
Rank: Veteran

Joined: 1/16/2007
Posts: 1,320
A whole EMPIRE imerushwa SME.

On a global scale Tuskys could very well be an SME.

smile
Sola Scriptura
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Querry
#23 Posted : Thursday, May 10, 2012 10:21:01 AM
Rank: Member

Joined: 1/22/2011
Posts: 193
Location: nairobi
There's a Press Release by the Tusky's on Daily Nation.

Looks like there is alot at play on the background of this un folding drama.
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Mastermind
#24 Posted : Saturday, February 23, 2013 12:11:58 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Quote:
An attempt at an out-of-court settlement of a family feud over the control of Tuskys Supermarkets has collapsed, documents filed in court show.

Yusuf Mugweru, one of the company directors, has applied to court to set aside orders stopping the criminal proceeding against other directors of the company, saying the mediation talks had flopped.


LINK
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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madollar
#25 Posted : Wednesday, October 30, 2013 2:53:12 PM
Rank: Veteran

Joined: 11/17/2009
Posts: 2,040
Location: GA
Seems their troubles have not stopped them from marching forward.Business daily reporting ukwala is now dispensing tuskys receipts an indication of a takeover...
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  | | Edit by user: Wednesday, October 30, 2013 3:01 PM | Reason: Not specified
Am
#26 Posted : Thursday, October 31, 2013 8:59:53 AM
Rank: Veteran

Joined: 2/21/2012
Posts: 1,739
They have acquired Ukwala, though not all in NRB and certainly not the ones outside Nairobi - which are franchised.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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luxel
#27 Posted : Friday, November 01, 2013 11:43:26 AM
Rank: Member

Joined: 7/17/2008
Posts: 152

Why should this deal be probed when there is so much competition from Nakumatt and uchumi.

They can hardly be a monopoly.
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Lolest!
#28 Posted : Thursday, December 19, 2013 8:55:55 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Nation is reporting that all 52 branches are closed following a staff strike over the refusal by management to honour collective bargaining agreement.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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iller
#29 Posted : Thursday, December 19, 2013 10:07:06 AM
Rank: Member

Joined: 3/25/2013
Posts: 552
Location: Asgard
Lolest! wrote:
Nation is reporting that all 52 branches are closed following a staff strike over the refusal by management to honour collective bargaining agreement.

I passed by the tuskys near i&m building and it was closed. all the staff were on the parking lot and pavement, they had placed banners on the entrance doors. some of them read 'ukoloni mamboleo', 'tuskys officials are corrupt'. something is brewing over their
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madollar
#30 Posted : Thursday, December 19, 2013 12:55:06 PM
Rank: Veteran

Joined: 11/17/2009
Posts: 2,040
Location: GA
Lolest! wrote:
Nation is reporting that all 52 branches are closed following a staff strike over the refusal by management to honour collective bargaining agreement.

Sema hasara what could be the average daily collection for one branch.Sometime back a tuskys manager in kisumu was arrested for not banking 8million which must have been its weekly collection
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  | | Edit by user: Thursday, December 19, 2013 12:59 PM | Reason: Not specified
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