For many, it is difficult to mention Nakumatt without talking or thinking about its long-serving managing director Atul Shah, who is set to leave the retailer’s management throne should a proposed takeover get the regulator’s nod.
During a meeting between Nakumatt and its creditors on October 13, the retailer’s lawyer James Kamau, while giving an update on the proposed Tuskys takeover deal, dropped a bombshell.