Retail

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    More trouble as Uchumi loses key suit in fight for survival

    Uchumi Supermarkets’ fight for survival suffered a blow on Friday after a Nairobi court directed that the old Company’s Act could be used in an ongoing suit filed by its creditors. The retailer lost the first round of a legal battle where it was seeking to have an insolvency case filed by suppliers heard and determined under the newly enacted…

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  • Articles

    Suppliers demand Sh35m to drop Uchumi wind up suit

    Uchumi Supermarkets will have to raise Sh35 million as deposit to convince two suppliers to drop court case calling for its closure. This is part of the settlement Githunguri Diary and San Giorgio limited are looking for before dropping a wind up petition over unpaid dues. Uchumi owes milk processor Githunguri Dairy Sh93 million shillings while the Mombasa based food…

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