As Njunge said... there is a relationship between Tusky's & Nakumatt...

BTW, those baying for Namumatt's blood on taxes... Stop being naive!

In Kenya, rapidly expanding firms get tax rebates/credits for new ventures/equipment. Nakumatt was doing so & if their accountants were half-decent, then they should/would have taken advantage! If my listed firm does not do so... I would be pissed!

Mumias got a HUGE tax credit last year coz they put in the Co-Gen plant. Many, many firms use allowable tax credits especially if you are located out of Nairobi/Mombasa. Note that Nakumatt's new branches are NOT in Nairobi...

Hiyo storro yako vvs ni up...
The crimes committed by both Nakumatt and Tuskys are very obvious. Tumia google .

No wonder we get robbed on matthrees. Hatuna habari

I would consider after seeing results of the 1st full year of trading.

In the retail sector I would still go for Uchumi if you look at the its sales turnover and the profits it generates its much more efficient. Have a look at Uchumi's 5 year strategic plan to 2012 it has some solid research on the retail sector.
Nakumatt despite its high sales revenue has high financing costs reducing its profits
Tuskys has its profits eroded by the expenses, dead stock and pilferage
It's unlikely that either Nakumatt or Tuskys will list in the near future so i wonder why we even talk about them.

https://kenyanwallstreet...institutional-investor/

An institutional investor has acquired a stake in Tusker Mattresses Ltd, a Kenyan based family owned retail chain with more than 60 branches across the region.

According to our sources who sought anonymity, the deal is in the final stages and the financial details remain secret.