Tuskys takes over Nakumatt space in Kericho and Eldoret
What you need to know:
- The two buildings occupied by Tuskys were until last year leased by Nakumatt, which was forced to move out over rent arrears
- Tuskys has revamped the combined space of 90,000 square feet at a cost of Sh220 million
- The new outlet will stock among other items household electronics, furniture and Mavazi lifestyle clothing.
Retail chain Tuskys has taken over shop space vacated by troubled Nakumatt Holdings in Kericho and Eldoret, growing its branch network to 63.
Tuskys has revamped the combined space of 90,000 square feet at a cost of Sh220 million.
It says the new outlet will stock household electronics, furniture and Mavazi lifestyle clothing among other items.
Turkeys’ Eldo, located at the Eldo Centre Mall along the busy Uganda road is set to be the third largest store by the retailer in Uasin Gishu County.
Tuskys Green Square supermarket at Green Square Mall in Kericho is also an addition to the existing Tuskys Nyando Branch located along Kenyatta Road.
'Further expansion'
“At Tusker Mattresses, we currently operate 63 well performing branches and we are laying the ground work for further expansion projects as part of a commitment to deepen the value of formal retail trade in Kenya,” said Tusker Mattresses Group Chief Executive Dan Githua in a statement.
“The two new stores in Kericho and Eldoret will also house extensively stocked Mavazi Lifestyle clothing outlets, household electronics and furniture centres.”
The two buildings occupied by Tuskys were until last year leased by Nakumatt, which was forced to move out as rent arrears piled amid pressure from 19 landlords in Nairobi and other major towns, who were demanding about Sh600 million.
The troubled retailer was last week placed under administration by the High Court in a move aimed at rescuing it from potential liquidation.
