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AllAfrica.com CASH-STRAPPED Tuskys Supermarkets has Sh41.6 million in its only bank account with funds, as it fights off at least 26 cases filed by creditors seeking billions in dues dating as far back as 2016. But the bank account is frozen, following four separate cases at the Chief Magistrate’s Court in Milimani, Nairobi. Besides, the Sh41.6 million Tuskys has is hardly enough to cater for all the creditors making a beeline for the retail chain’s main trading account. Landlords alone are owed in excess of Sh100 million, Hotpoint Appliances is claiming Sh248 million, businessman Pietro ...

Tuskys wants assets held by landlords in 20 outlets released Wednesday February 03 2021 Tuskys Supermarket in Nakuru Town along Kenyatta Avenue closed its doors to the public signifying the end of the chain in Nakuru County. By BONFACE OTIENO The retailer is hoping to net Sh911.5 million from the sale of its non-core assets. Through lawyer Patrick Onyango Ogola, the retailer says the sale of the items will also allow it to restock its other outlets and settle unsecured creditors’ debts. Some of the outlets where landlords have obtained orders to seize the retailer’s assets over rent defau...