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Nakumatt: Another ailing Kenyan company

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hardwood		#221 Posted : Monday, June 26, 2017 8:22:39 PM
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay		obiero wrote: Ericsson wrote: Similar products are priced higher in Nakumatt than in Tuskys http://www.businessdaily...87532-tv1hlq/index.html Nakumatt should be liquidated,suppliers paid their debt and the chain folded.Naivas and Tuskys can fill the gap Shindwe The future of retailing in Kenya is Naivas and Chandarana.
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Mike Ock		#222 Posted : Tuesday, June 27, 2017 3:16:06 AM
Rank: Member Joined: 1/22/2015 Posts: 682		I remember when there were rumors of their IPO and wazuans were cheering loudly in anticipation. LOL These guys should have dumped their stock on Wanjiku immediately they saw things getting elephant behind the scenes while public sentiment was still extremely positive. They would have easily raised the 15b in debt at a premium price. Now they're stuck between a rock and a hard place. Looks like this shop is destined to become another one of those family business that is just stagnant and in disrepair.
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Dahatre		#223 Posted : Tuesday, June 27, 2017 8:28:29 AM
Rank: Member Joined: 12/21/2009 Posts: 602		And now the trade PS is negotiating a gova bailout! Who said taxpayer moneys and borrowed loans should be used to bail out private businesses? And how have bailouts worked even for publicly traded companies? mumias? Uchumi? KQ? I hope it all flops..there are others in line to fill the space!
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obiero		#224 Posted : Tuesday, June 27, 2017 8:49:03 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,258 Location: nairobi		Dahatre wrote: And now the trade PS is negotiating a gova bailout! Who said taxpayer moneys and borrowed loans should be used to bail out private businesses? And how have bailouts worked even for publicly traded companies? mumias? Uchumi? KQ? I hope it all flops..there are others in line to fill the space! Mediation is not bailout tafadhali
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Ericsson		#225 Posted : Tuesday, June 27, 2017 11:01:23 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI		We have no stake in Nakumatt & we are not bailing them out." Trade PS Mr Kiptoo told The Standard. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#226 Posted : Tuesday, June 27, 2017 11:03:48 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI		Nakumatt squashes social media rumors that they are closing down 8 Branches including TRM branch Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Sober		#227 Posted : Tuesday, June 27, 2017 4:22:27 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		hardwood wrote: obiero wrote: Ericsson wrote: Similar products are priced higher in Nakumatt than in Tuskys http://www.businessdaily...87532-tv1hlq/index.html Nakumatt should be liquidated,suppliers paid their debt and the chain folded.Naivas and Tuskys can fill the gap Shindwe The future of retailing in Kenya is Naivas and Chandarana. I cannot agree with you more, Chandarana have been very strategic in their expansion plan. doing like one or two stores after a couple of years. Naivas are holding some key locations, a case in point is the westlands one that is always full and will never dissapoint when one needs household goods including mboga. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Mike Ock		#228 Posted : Tuesday, June 27, 2017 4:31:07 PM
Rank: Member Joined: 1/22/2015 Posts: 682		Is Chandarana's slow expansion strategic really? They have some really bogus locations in the mix, for example their Muthaiga, Rosslyn Riviera and Two Rivers branches have horrendously low traffic.
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Gathige		#229 Posted : Tuesday, June 27, 2017 4:33:52 PM
Rank: Elder Joined: 3/29/2011 Posts: 2,242		Mike Ock wrote: Is Chandarana's slow expansion strategic really? They have some really bogus locations in the mix, for example their Muthaiga, Rosslyn Riviera and Two Rivers branches have horrendously low traffic. Add another one in Ngara after fig tree. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Ericsson		#230 Posted : Tuesday, June 27, 2017 5:00:40 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI		Yaya Center/Kilimani they have a branch Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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