Why Sameer made U-turn on its tyre business
Very passionate A decision, however, that had to be made despite dedicating a huge part of their lives and billions of shillings into growing the business. “Merali was very passionate about it … all of us were,” he told Financial Standard in an exclusive interview. Subscribe to Our Newsletter “We came here very young, got married and raised families.” Merali entered the tyre business in the late 1980s after acquiring Firestone, which was incorporated in Kenya in 1969. To observers, the closure of the tyre business added to the growing heap of failed ventures by one of Kenya’s...
Source: standardmedia.co.ke