advertisement

Companies

Uchumi restocks ahead of Christmas festivities

Uchumi Supermarkets store in Nairobi. FILE PHOTO | NMG
Uchumi Supermarkets store in Nairobi. FILE PHOTO | NMG 

Uchumi Supermarkets #ticker:UCHM on Wednesday closed its stores in Nairobi for restocking ahead of the high shopping Christmas season, signalling a near breakthrough in protracted talks with a potential strategic investor.

The troubled retailer, at the same time, pushed back its annual general meeting (AGM) earlier scheduled for December 20, to a date likely to be before March 31 to allow for the conclusion of the negotiations that are expected to result in an injection of fresh cash.

“The management wishes to inform the public that Uchumi Nairobi branches will remain closed on December 13 (yesterday) for restocking our shelves,” the company said in a public notice.

“All Uchumi staff will look forward to welcoming our valued customers back to our stores as we re-open for business on December 14 (today).”

advertisement