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Wednesday, 18 December 2019

DEATH OF NAKUMATT AFTER REVIVAL EFFORTS FAIL

Efforts to revive Nakumatt, which was once Kenya’s biggest retail chain, have failed.

The Nation has learnt that the chain has now sold what was left of the six branches to rival Naivas Supermarket in a deal that will see the Nakumatt brand completely disappear by the end of the year.

After it went into financial ICU, the retail chain shut down dozens of its stores to keep afloat. It left six stores open to keep its dreams alive. These were Nakumatt Mega — which was the most profitable branch for years — Nakumatt Prestige, Lavington, Kisumu, Embakasi and Nakuru.

The Nation visited its Nakuru branch over the weekend and found the supermarket clearing its stock to allow Naivas to take over.

The outlet did not look anything close to a supermarket preparing for the shopping craze that comes with Christmas.

Nakumatt staff, who were counting on its revival, said they gave up after they were informed that Naivas would be taking over their space within two weeks.

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