Nakumatt Supermarkets (in administration) recently appointed administrator Mr. Peter Kahi has announced the appointment of Tusker Mattresses Limited as the new Managers for the struggling retailer.
The appointment, effected ahead of a scheduled suppliers meeting next Wednesday, is subject to regulatory approvals earlier sought and will see Tusker Mattresses Ltd assuming the operations management aspects for Nakumatt as the firm’s recovery efforts gain steam.
Speaking when he confirmed the appointment of Tusker Mattresses as an operating Manager, Mr. Kahi, said the Administration process will rely heavily on management expertise from the local retailer.
To ensure regulatory alignments, Mr. Kahi disclosed that the Administrator will also be placing a formal request to the Competition Authority of Kenya (CAK) seeking specific exemptions to enable Tusker Mattresses assume the operating Manager duties.
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With the appointment, Tusker Mattresses will provide strategic management support and related retail operations back up to the Administrator under stringent performance terms and conditions
“The success of the administration process, and ultimately turnaround of Nakumatt business, will be hinged on, among others, strategic retail stores management which we believe will be achieved through the appointment of Tusker Mattresses as an operating Manager,” Kahi said.
As an operating manager, Tuskys will provide specific technical services which include; day to day management oversight, procurement, finance, inventory and human resource management under the Administrators supervision.
Writer at Tunayo Business Magazine