{"id":13496,"date":"2020-08-28T19:20:09","date_gmt":"2020-08-28T19:20:09","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=13496"},"modified":"2020-08-28T19:30:34","modified_gmt":"2020-08-28T19:30:34","slug":"tuskys-closes-third-branch-in-a-week","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week","title":{"rendered":"Tuskys closes third branch in a week"},"content":{"rendered":"<p><strong>Author: Sara Okuoro<\/strong><br \/>\n<strong>AfricaPress-Kenya:<\/strong> Tuskys supermarket has shut another one of its branch in Nairobi&#8217;s Central Business District.<\/p>\n<p>Tuskys Hakati closed down on Friday afternoon following\u00a0threats of auction from the landlord\u00a0in order to settle rent arrears.\u00a0This is the third Tuskys branch to shut down this week after auctioneers forced Komarock and Eldoret\u2019s Uganda Road outlets shut.<\/p>\n<p>On August 20, auctioneers raided the Kisumu United Mall Tuskys branch in bid to clear the rental arrears. The retailer will be forced to vacate the Mall by the end of the year after the landlord opted to terminate their lease.<\/p>\n<p>Empty shelves are what remain at most of the retail chain\u2019s stores across the country, which employs more than 6,000 people.\u00a0The family-owned retailer as of August 2018 owned and operated 60 supermarkets in Kenya and Uganda.<\/p>\n<p>According to documents seen by The africa-press earlier this month, Tuskys needs a capital injection of Sh2 billion to stay afloat, some of it to settle supplier debts said to be over Sh1 billion. Its current financial position may not support the business for long ahead of an expected deal with a strategic investor, the owners were told at a recent meeting.<\/p>\n<ul class=\"list-group readmore my-3\">\n<li style=\"list-style-type: none\"><\/li>\n<\/ul>\n<p>The retailer\u00a0has been in a restructuring process\u00a0in the last five years, seeking to separate ownership and management.<\/p>\n<p>Tuskys is Kenya\u2019s second-largest supermarket chain, having been overtaken by Naivas, and once it secures an investor, it will mark the end of family-owned top-tier retailers in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: Sara Okuoro AfricaPress-Kenya: Tuskys supermarket has shut another one of its branch in Nairobi&#8217;s Central Business District. Tuskys Hakati closed down on Friday afternoon following\u00a0threats of auction from the landlord\u00a0in order to settle rent arrears.\u00a0This is the third Tuskys branch to shut down this week after auctioneers forced Komarock and Eldoret\u2019s Uganda Road outlets [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":13484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2016,348,5430,4987],"class_list":["post-13496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-auction","tag-rent","tag-tuskys-hakati","tag-tuskys-supermarket"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tuskys closes third branch in a week - kenya<\/title>\n<meta name=\"description\" content=\"Tuskys supermarket has shut another one of its branch in Nairobi&#039;s Central Business District.Tuskys Hakati closed down on Friday\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tuskys closes third branch in a week\" \/>\n<meta property=\"og:description\" content=\"Tuskys supermarket has shut another one of its branch in Nairobi&#039;s Central Business District.Tuskys Hakati closed down on Friday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-28T19:20:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-28T19:30:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/08\/tuskys_shuts_third_b5f490f650e73a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"742\" \/>\n\t<meta property=\"og:image:height\" content=\"412\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tuskys closes third branch in a week\",\"datePublished\":\"2020-08-28T19:20:09+00:00\",\"dateModified\":\"2020-08-28T19:30:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week\"},\"wordCount\":254,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/08\/tuskys_shuts_third_b5f490f650e73a.jpg\",\"keywords\":[\"auction\",\"Rent\",\"Tuskys Hakati\",\"Tuskys Supermarket\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/tuskys-closes-third-branch-in-a-week\",\"name\":\"Tuskys closes third branch in a week - 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