Residents Loot Stock as Nakumatt is Evicted from Mall
It was double woes for struggling retail chain Nakumatt after residents looted its stock following its eviction from Nanyuki Mall on Tuesday.
Police were forced to shoot in the air to scatter a crowd of area residents who scrambled for the supermarket's items, which had been thrown out by owners of the premises.
Reports suggest that Nakumatt was ejected from the building over rent arrears amounting to Sh36 million. “The property owner had obtained a court order to evict the tenant over the arrears. The shopping mall had been closed for two months,” a source said.
Nanyuki mall branch is the latest chain's outlet to close down after several other branches among them Nakumatt Lifestyle - in Nairobi's Central Business District, Westgate Mall located in Westlands Nairobi, Ronald Ngala branch, Haile Selassie branch located at the Kenyatta University Plaza, Thika Road Mall (TRM) branch and NextGen Mall on Mombasa Road.
The supermarket is struggling under a debt estimated to be about Sh36 billion, with the government reluctant to bail it out.
Comments
FRUITS OF THEFT AND…
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FRUITS OF THEFT AND CORRUPTION. KULA WEMBE SASA
Did the landlord had court…
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Did the landlord had court order to evict Nakumatt? If not you will be sued to pay for the damages.
Re-read again. clearly…
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In reply to Did the landlord had court… by Kenya (not verified)
Re-read again. clearly states that the land lord had a court order to evict.
If Nakumatt can't be dynamic…
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If Nakumatt can't be dynamic and competitive they should not look to the government for handouts. This is not the reason Wanjiku is paying taxes...Uhuru! You can not be bailing out the rich ones and paying for their funerals when they die.
Next will be UCHUMI.
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Next will be UCHUMI.
How can Mwau owned,NAKUMATT…
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How can Mwau owned,NAKUMATT supermarket which is licenced to sell the most profitable goods(illegal drugs) go down?Or is the Asian family management team/co owners pocketing every coin with the aim of dumping Mwau and relocating out of the country?I would also have done the same.
hii ni kazi ya raila na…
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hii ni kazi ya raila na majambazi wake
If nakumatt is still insured…
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If nakumatt is still insured under a theft cover and the current circumstances of theft are still with in their terms and conditions of the insurer then this is a big win for nakumatt. Coz their money was locked in their assets which they are having a hard time selling.so if anything this is a huge bail out.
Why didn't they do a big…
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Why didn't they do a big going out of business sale for an entire month before this happened. A lot of money can be made during gob sales.
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