Business

Watch: Things get nasty at Tuskys as laid off staff fights auctioneers

The financially troubled Tuskys Supermarkets this week sacked many of its workers and shut down at least four more branches in Kenya, as the cash flow crisis at the retail chain deepened.

The ailing regional retail giant that is owned by Tusker Mattresses Ltd, sent home an undisclosed number of non-unionised workers, most of whom had gone for two months without full pay.

tuskys (1)The retailer, which at its peak operated 63 branches in Kenya and Uganda, has been quietly shrinking its geographical spread owing to disputes with landlords over rent arrears.

Kenya Power has also disconnected electricity supply to a number of branches that have fallen behind in paying their bills, and these are now having to run on diesel generators.

https://twitter.com/YouthAdvocateKe/status/1304717216563290116?s=20

In addition to all five Ugandan branches that have remained closed for weeks now, Nairobi’s K-Mall outlet in Komarock Estate, Tuskys Hakati in the Nairobi Central Business District (CBD), the Kilifi and and Eldoret’s Uganda Road branches are the latest to shut their doors.

The Tuskys chief executive, Daniel Githua, who had promised to respond to our queries on the financial situation facing the retailer, had not done so by the time of going to press. A reported cash injection of Ksh2 billion ($20 million) from an undisclosed Mauritius fund does not seem to have improved the fortunes of the debt-ridden retailer.

Also in other news;

Police fail to arrest Oscar Sudi as youths blocked the road to his home

Drama was for the better part of Friday night and early Saturday morning witnessed outside the home of Kapseret Member of Parliament Oscar Sudi after hundreds of youth blocked the road in an attempt to bar the police from arresting him.

Oscar Sudi homeA contingent of police officers led by Uasin Gishu County Police Commandant Johnstone Ipara camped outside the vocal MP’s compound over incitement allegations asking his lawyer Gladys Boss to persuade him to come out. Learn more

Back to top button