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Uchumi - A value play?
Rank: Elder Joined: 3/29/2011 Posts: 2,242
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VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. Very true. There are two local supermarkets in my locality that are always full. There is an uchumi too that has very few customers and shelves always empty. Too sad how such a local jewel was looted by management and they went Scott free. For those old enough, they know when new supermarkets came up, they were all referred as Uchumis as that was a synonym of everything supermarket "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. There's no better way forward than what @vvs suggests. This is a small business with no national importance hence no need for GOK influence/support
KQ ABP 4.26
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Rank: Member Joined: 4/4/2007 Posts: 91
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obiero wrote:VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. There's no better way forward than what @vvs suggests. This is a small business with no national importance hence no need for GOK influence/support Unlike Nakumatt , Uchumi have real estate assets that can be leveraged to get in a strategic investor. How much is owed to suppliers? Knowledge is power , but action gets things done ...
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Pirate wrote:obiero wrote:VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. There's no better way forward than what @vvs suggests. This is a small business with no national importance hence no need for GOK influence/support Unlike Nakumatt , Uchumi have real estate assets that can be leveraged to get in a strategic investor. How much is owed to suppliers?  Exiting CEO leaves shelves emptier than he found them. Ref DAILY NATION DEC 8 2017 PG.31 "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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http://www.theeastafrica...221740-7ufo3w/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/16/2006 Posts: 234
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finally uchumi has commence re-stocking of their branches starting today. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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uchumi wrote:finally uchumi has commence re-stocking of their branches starting today. Coming from @uchumi itself  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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uchumi wrote:finally uchumi has commence re-stocking of their branches starting today. Still has a long way to go. Has to regain customers trust plus keep shelves stocked up
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Uchumi - A value play?
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