Die-hard Nakumatt customers have a reason to smile as the regional supermarket chain announced a merger deal with competing giant retail chain, Tuskys.
In the new deal, Nakumatt is set to benefit by accessing stock from suppliers through the Tuskys good will and value chain. Tuskys will also provide management staff that will oversee the running of the Nakumatt branches.
The move comes months after the struggling retail chain failed to get the government’s backing to bail it out, even as suppliers to pulled out, leaving the giant a shell of its former self. The supermarket chain has been forced to close down over 10 branches both locally and regionally.
Nakumatt managing director, Atul Shah said the chain required Ksh 77 billion to revive its operations.