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.
In the case of Nakumatt and Uchumi, their collapse caught many suppliers unawares, with the thinking at the time being that the retailers were too big to fail. [Courtesy]
Suppliers delivering goods to supermarkets have devised mechanisms to reduce their exposure to potential losses.
Suppliers lost nearly Sh20 billion for goods they had supplied to the collapsed Nakumatt alone.
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