The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
When Judge Joseph Onguto ruled that Nakumatt Supermarkets had failed to demonstrate that they deserved a receiver manager, the retailer’s lawyers were pensive that the chain could face massive evictions.
Nakumatt is in conflict with several landlords who are tied to the troubled retailer due to lease commitments but are not getting paid rent.
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