Haltons already has 25 stores and the agreement with Tuskys will double its network in addition to giving the drug store chain access to a larger number of customers.
Haltons is a local pharmacy chain that has the backing of private equity firm Fanisi Capital.
Haltons, a pharmacy chain, will double the number of its drugs stores by opening new ones within Tuskys Supermarkets by the end of this year.
The deal gives Haltons exclusive rights to put up mini pharmacies at all of Tuskys’s 50 outlets, but the initial target will be to open 25 stores by the end of this year.
Haltons already has 25 stores and the agreement with Tuskys will double its network in addition to giving the drug store chain access to a larger number of customers.
“This partnership will boost Haltons in its ambition to expand further. It will offer us an opportunity to provide quality services and convenience to our customers,” said Haltons acting chief executive Sam Njuguna in a statement.
Haltons is targeting high volumes with a low pricing model. For Tuskys additional value is coming by increasing the number of tenants and product offering at its stores.
“We will offer floor space to Haltons in our outlets. This fits well with our aim of providing a variety of products and services to our clients,” said Tuskys managing director George Kamau.
Haltons is a local pharmacy chain that has the backing of private equity firm Fanisi Capital.
Fanisi Capital made an investment of an undisclosed amount in Haltons in 2013.
