Tuskys, Nakumatt face fines over bailout deal

From left, Nakumatt MD Atul Shah, CAK director-general Francis Wang’ombe and Tuskys CEO Dan Githua. PHOTOS | FILE | NMG

Tuskys Supermarkets is facing fresh sanctions from the competition watchdog for signing a deal to finance its financially troubled rival, Nakumatt, without approval of the regulator.

Nakumatt’s court-appointed administrator Peter Kahi, in a report to creditors, says he is implementing a management agreement already signed with Tusker Mattresses Limited even before he took over running of the ailing retailer.

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