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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
NAIROBI, KENYA: A year ago, it was inconceivable that a retail behemoth like Nakumatt would be in financial doldrums, much less on the brink of collapse.
A series of interlocking components have contributed to the imminent demise of this giant. These include gross mismanagement, poor strategic decisions, and internal losses brought on by wayward employees colluding with suppliers and customers.
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