Tuskys drops bid to lease brand amid survival fight
Franchising was to allow the retailer to keep its brand alive besides generating fees from the partnerships.
Source: businessdailyafrica.com
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How bank lost millions after teller fainted
She had released the money despite account errors that were not corrected in time. Witness says tellers are not supposed to doubt bank system.
Source: standardmedia.co.ke
Tuskys to lease brand in the race for survival
Tuskys to lease brand in the race for survival Tuesday June 01 2021 By VICTOR JUMA Summary CAK on Monday revealed the franchising plan, adding that Tuskys has sought regulatory guidance on how to lease its brand to investors. CAK noted that a franchise agreement may qualify for exemption from regulations banning restrictive trade practices by companies in the same industry. At its peak, the retailer was an acquisition target for global giants like Walmart seeking a foothold in East Africa. Struggling supermarket chain Tuskys has sought approval from the Competition Authority of Kenya (CAK) t...
Source: businessdailyafrica.com