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Fall of Nakumatt and other retailers

Nakumatt Supermarket, Eldoret. [Peter Ochieng, Standard]

The script is usually the same: A board or shareholders meeting that fails to go right, a fight among them, news of tax arrears or debt to suppliers that have not been serviced for some months, and then you walk into empty shelves.

Such is the dying process of retail chains in the country. And like any other business, it always ends with a liquidation order. This time around, the hammer has fallen for Tuskys.

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