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Uchumi HY 2018, the disaster
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Ericsson wrote:https://www.businessdailyafrica.com/news/Carrefour-revenue-hits-Sh8bn-in-2-years-/539546-4329828-yv568wz/index.html
Majid Al Futtaim, the exclusive holder of French retailer Carrefour’s franchise in Kenya, last year recorded Sh8.2 billion in sales from its local business riding on accelerated expansion of the supermarket chain. How I wish that such cash was being made by indigenous Kenyan companies and remained in the country instead of the cash being "deported" to dubai and paris?
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Rank: Member Joined: 1/30/2011 Posts: 207
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Ericsson wrote:https://www.businessdailyafrica.com/news/Carrefour-revenue-hits-Sh8bn-in-2-years-/539546-4329828-yv568wz/index.html
Majid Al Futtaim, the exclusive holder of French retailer Carrefour’s franchise in Kenya, last year recorded Sh8.2 billion in sales from its local business riding on accelerated expansion of the supermarket chain. I believe that's just a tip of the iceberg as still some branches like TRM are operating as mere convenience stores - as they carry out a major revamp of the ground-floor premises while others like Sarit centre are yet to be opened... And the Shoprite which is a discount store is planning to open several stores within Nairobi... It might be tough times for the likes of Tuskys & Naivas going forward... Quite sad for local investors
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hardwood wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Carrefour-revenue-hits-Sh8bn-in-2-years-/539546-4329828-yv568wz/index.html
Majid Al Futtaim, the exclusive holder of French retailer Carrefour’s franchise in Kenya, last year recorded Sh8.2 billion in sales from its local business riding on accelerated expansion of the supermarket chain. How I wish that such cash was being made by indigenous Kenyan companies and remained in the country instead of the cash being "deported" to dubai and paris? Life is short. Live passionately.
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Rank: Veteran Joined: 4/27/2010 Posts: 951 Location: Nyumbani
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sparkly wrote:hardwood wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Carrefour-revenue-hits-Sh8bn-in-2-years-/539546-4329828-yv568wz/index.html
Majid Al Futtaim, the exclusive holder of French retailer Carrefour’s franchise in Kenya, last year recorded Sh8.2 billion in sales from its local business riding on accelerated expansion of the supermarket chain. H ow I wish that such cash was being made by indigenous Kenyan companies and remained in the country instead of the cash being "deported" to dubai and paris? At the moment Carrefour is planning to close those local supermarkets found in town centers and residential areas.They had bought the stores and refurbished them into carrefour markets but seems to be the end to some of them. Maybe they have seen big money elsewhere. Labda Kenya where they are sure to make a kill.
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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kiash wrote:sparkly wrote:hardwood wrote:Ericsson wrote:https://www.businessdailyafrica.com/news/Carrefour-revenue-hits-Sh8bn-in-2-years-/539546-4329828-yv568wz/index.html
Majid Al Futtaim, the exclusive holder of French retailer Carrefour’s franchise in Kenya, last year recorded Sh8.2 billion in sales from its local business riding on accelerated expansion of the supermarket chain. H ow I wish that such cash was being made by indigenous Kenyan companies and remained in the country instead of the cash being "deported" to dubai and paris? At the moment Carrefour is planning to close those local supermarkets found in town centers and residential areas.They had bought the stores and refurbished them into carrefour markets but seems to be the end to some of them. Maybe they have seen big money elsewhere. Labda Kenya where they are sure to make a kill. Hii post sijaelewa
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 1/30/2011 Posts: 207
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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That brand has been irreparably damaged. No coming back. Adios. Cheerio. Au revior. Goodbye. Kwaheri. Oriti
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Uchumi supermarket workers down tools to protest non-payment of their salaries for two months Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:Uchumi supermarket workers down tools to protest non-payment of their salaries for two months Kenyans are funny, ati down tools instead of taking the tools elsewhere... Life is short. Live passionately.
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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sparkly wrote:Ericsson wrote:Uchumi supermarket workers down tools to protest non-payment of their salaries for two months Kenyans are funny, ati down tools instead of taking the tools elsewhere... This 'elsewhere' is not easy to come by during these tough times For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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sparkly wrote:Ericsson wrote:Uchumi supermarket workers down tools to protest non-payment of their salaries for two months Kenyans are funny, ati down tools instead of taking the tools elsewhere... Not everyone has the luxury of choices/options
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Auctioneers storm Uchumi outlet in Kisumu https://www.businessdail...349954-4firjb/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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kifo cha mende Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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The company ceased operating,all its branches have been shut down Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Ericsson wrote:The company ceased operating,all its branches have been shut down It seems top tier banks, Safaricom and KQ shall be the only firms left standing by 2022
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ericsson wrote:The company ceased operating,all its branches have been shut down Wazuans and their misleading information...i have been to Aga khan Walk Branch everyday including yesterday...
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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KaunganaDoDo wrote:Ericsson wrote:The company ceased operating,all its branches have been shut down Wazuans and their misleading information...i have been to Aga khan Walk Branch everyday including yesterday... https://www.businessdail...694742-p5ityt/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:[quote=Pesa Nane]kifo cha mende The company ceased operating,all its branches have been shut down Wazuans and their misleading information...i have been to Aga khan Walk Branch everyday including yesterday... https://www.businessdail...94742-p5ityt/index.html[/quote] This was a day for stock optimization...Dont believe every headlines...Some headlines are meant to cause positions for shorting securities ....Visit the Aga Khan walk and confirm yourself Msenangu....
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:The company ceased operating,all its branches have been shut down Wazuans and their misleading information...i have been to Aga khan Walk Branch everyday including yesterday... https://www.businessdail...94742-p5ityt/index.html Passed by Uchumi Buruburu few days ago and it's doors were open but only dust on the shelves and idle staff. Easy coach desk that squats within the branch still operating. I keep wondering why continue to pay rent and salaries while selling nothing  Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 8/6/2018 Posts: 299
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Pesa Nane wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:The company ceased operating,all its branches have been shut down Wazuans and their misleading information...i have been to Aga khan Walk Branch everyday including yesterday... https://www.businessdail...94742-p5ityt/index.html Passed by Uchumi Buruburu few days ago and it's doors were open but only dust on the shelves and idle staff. Easy coach desk that squats within the branch still operating. I keep wondering why continue to pay rent and salaries while selling nothing They are finalizing their deal with strategic investors....Still working on Conditions Precedent to satisfy the investor. They requiree aditional money almost 300M-500M(Which they expect to get from their langata 3.7 acre sale).....
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