K-Shoe on the brink as landlords seize stocks

K-Shoe shop on Kenyatta Avenue which has been closed. FILE PHOTO | NMG

Fashion retailer Nairobi Business Ventures #ticker:NBV, which operates under the K-Shoe brand, has lost more branches to landlords who have seized its inventory over non-payment of rent arrears.

The events have reduced the Nairobi Securities Exchange-listed firm’s sales and left its accounting records in disarray.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.