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Chinese retail chain, China Square, took up Uchumi Supermarket's Lang'ata Hyper outlet along Lang'ata Road in June last year. [File, Standard]
The leasing of Uchumi Supermarket’s Lang’ata Hyper premises to China Square has lifted the struggling retailer’s earnings, but this is not enough to lift it out of its protracted financial woes.
China Square now accounts for more than 80 per cent of the rental income earned by the listed former retail giant after setting up an outlet at Uchumi’s Lang’ata Hyper premises.
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