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Nakumatt boss quits
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KulaRaha
#21 Posted : Friday, February 05, 2010 12:50:08 PM
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Joined: 7/26/2007
Posts: 6,514
Tuskys is owned 30% by Shah of Nakumatt, that is a fact.
Business opportunities are like buses,there's always another one coming
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Kamaa
#22 Posted : Friday, February 05, 2010 1:03:27 PM
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Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
TRM has left for Simba colt Motors...
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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2012
#23 Posted : Friday, February 05, 2010 1:15:18 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
KulaRaha wrote:
i hear he is going to a motor vehicle dealership as topcat



Simba Colt to be precise.
Looks to me like he's just jumping from one frying pan to another.
But I think the Popats are progressive. They earned my respect for having the guts to add Bavaria Motors franchise to their business.

BBI will solve it :)
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the sage
#24 Posted : Friday, February 05, 2010 1:53:03 PM
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Joined: 11/20/2008
Posts: 367
@Gathinga, thank you, what I meant is that Atul Shah is the guy who helped the Mzee of Tuskys change his small shop based in Nakuru to what it is today.
Why, apparently Atul fled from Uganda and was housed by the Mzee of Tusky's....sopmeone back up.
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VituVingiSana
#25 Posted : Friday, February 05, 2010 2:37:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
There is something in that maji of Nakuru... Many of the 'matts' started there!

Is Ukwala a Nairobi brand or from upcountry as well?

Tuskermatt (Tuskys) + Nakumatt = Nakuru
Naivas = Naivasha
Woolmatt = ?
Ukwala = ?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gathinga
#26 Posted : Saturday, February 06, 2010 6:30:05 AM
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Joined: 11/30/2006
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Thanks @sage. @Kula, I have this on some authority
Nakumatt doesnt own any of Tuskys
Tuskys owners and Naivas are cousins
Nakumatt owner and Wollmart are Cousins
All these hail from Nakuru and the four are family friends
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Kamaa
#27 Posted : Saturday, February 06, 2010 7:50:09 AM
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Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
@all

sometimes last year Skerians had exhaustively discussed nakumatts/tuskys/naivas r/ship...

i've tried digging the thread in vain..
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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VituVingiSana
#28 Posted : Saturday, February 06, 2010 12:14:52 PM
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So what is in the maji in Nakuru?

All the major supermarket chains (except Uchumi) seem to have Nakuru connections!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gathinga
#29 Posted : Thursday, February 17, 2011 10:40:50 AM
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Joined: 11/30/2006
Posts: 635
VituVingiSana wrote:
The TRM jamaa was certainly not a Shah family member or a Mwau...
Or did he marry into the families?
Probably a cheap expat?

@kularaha - It makes sense to get real professional... but I remember at Uchumi after Suresh Shah left... the 'professionals' who came in with chris kirubi... destroyed the kampuni!

The dividends & share price we ku-enjoyed...


Rumor as it that TRM scooped a chunk from Nakumatt and that an investigation was done.????
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Obi 1 Kanobi
#30 Posted : Thursday, February 17, 2011 11:25:03 AM
Rank: Elder


Joined: 7/23/2008
Posts: 3,017
gathinga wrote:
VituVingiSana wrote:
The TRM jamaa was certainly not a Shah family member or a Mwau...
Or did he marry into the families?
Probably a cheap expat?

@kularaha - It makes sense to get real professional... but I remember at Uchumi after Suresh Shah left... the 'professionals' who came in with chris kirubi... destroyed the kampuni!

The dividends & share price we ku-enjoyed...


Rumor as it that TRM scooped a chunk from Nakumatt and that an investigation was done.????


That can't be true coz he moved to Simba Colt. With such a rep, he would not have got the job at any other employer
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Papa Investor
#31 Posted : Thursday, February 17, 2011 11:48:25 AM
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Joined: 6/3/2010
Posts: 96
especially in the tightly knit kenyan indian community,...the rumors would definately have gotten around and limited his employability...
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VituVingiSana
#32 Posted : Thursday, February 17, 2011 3:50:59 PM
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Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
He was an employee... Maybe the owners did not want to give him a stake...

Or he had a contract or he was a 'change agent' who did what he was supposed to... then left!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Intelligentsia
#33 Posted : Thursday, February 17, 2011 4:45:10 PM
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Joined: 10/1/2009
Posts: 2,436
ADVISORY: this thread is a year old!

TRM was just moved coz the Co. got new shareholders who preferred their own structure which in which TRM did not fit. He's competent alright, but that's it, new owners, new brooms, new folks happens in corporate corridors all the time.

@kamaa, u r right we had discussed this very exhautsivley in that MIA thread...
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Pablo
#34 Posted : Friday, February 18, 2011 6:34:44 PM
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Joined: 3/17/2008
Posts: 567
Location: Nairobi
What a coincidence. One year ago TRM left Nakumatt and I hear he is on his way back from Simba Colt.
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VituVingiSana
#35 Posted : Friday, February 18, 2011 8:29:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
LOL... Nakumatt is not a public company & unless you are related to TRM or Atul Shah family or mwau... why bother???

I am rooting for Uchumi...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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