Tuskys

Tuskys is a Kenyan supermarket chain. It is one of the large supermarket chains in the Great Lakes Area.[3] It employs nearly 6150 people, 6,000+ in Kenya,[4] and 150 in Uganda.[5]

Tuskys
Private Family Owned
IndustryRetail trade
Founded1990
HeadquartersNairobi, Kenya
Key people
Daniel Githua[1][2]
ProductsSupermarkets
SubsidiariesIn Kenya, and Uganda
Websitewww.tuskys.com/ 

Location

The head office of Tuskys is located at the Gami Properties Complex, along Mombasa Road, in Nairobi, the capital of Kenya. The coordinates of the home office are:1°20'05.0"S, 36°53'38.0"E (Latitude:-1.334722; Longitude:36.893889).[6]

Overview

As of August 2018, Tuskys owned and operated sixty supermarkets in Kenya and Uganda.[7] Tuskys employs more than 6,000 people in Kenya.[4] As of July 2018, Tuskys had closed four stores in Kampala, Uganda and remained with three stores in Kampala, at Makerere, Ntinda and Kitintale.[8]

Ownership

Tuskys is a wholly Kenyan, privately held company owned by seven children of Joram Kamau, the founder of the business who died in 2002.[9] The table below summarizes the shareholding within the company as of August 2014.[10] As of August 2020, the company has been placed under observation by the Competition Authority of Kenya (CAK). It faces a Sh2 million debt and the risk of insolvency unless it recapitalizes.[11]

Tuskys Stock Ownership
RankName of OwnerPercentage Ownership
1John Kago10.0
2Samuel Kamau17.5
3Stephen Mukuha14.5
4Yusuf Mugweru17.5
5George Gachwe10.5
6Founder's Daughter I10.0
7Founder's Daughter II10.0
Total100.00

Other considerations

Beginning in April 2013, Tuskys entered into a private deal with Ukwala Supermarkets a rival chain, whereby Tuskys would buy six Ukwala stores in the Nairobi area. To arrive at a fair price, Tuskys took over the management of two of the stores to assess traffic and commercial flow at those locations. The two chains did not consult the Competition Authority of Kenya (CAK), as required by law. When CAK learned of the transaction, the regulator stopped the deal and fined the two chains a total of KES:5.3 million (about US$62,000). CAK ordered the management arrangements to be reversed.[12] When the supermarket chains did not move fast enough, CAK closed the two stores in question.[13]

See also

References
  1. Gachiri, John (5 May 2015). "Tuskys Hires New CEO In Readiness For Going Public". Business Daily Africa. Nairobi. Retrieved 5 May 2015.
  2. Mutegi, Mugambi (20 April 2016). "Tuskys recalls CEO after two months suspension". Business Daily Africa. Nairobi. Retrieved 20 April 2016.
  3. Kimani, Mwaura (11 May 2012). "The Tale of Kenya's Three Biggest Supermarket Chains". Daily Nation. Nairobi. Retrieved 31 October 2016.
  4. Okulo, Lola (24 February 2014). "Tuskys locks horns with its workers again". The Star (Kenya). Nairobi. Archived from the original on 1 November 2016. Retrieved 7 October 2019.
  5. Ciuri, Simon (16 June 2015). "Tuskys re-opens Ugandan branch after 11 months". Business Daily Africa. Nairobi. Retrieved 31 October 2016.
  6. Google, . "Location of Tuskys Headquarters At Google Maps". Google Maps. Retrieved 11 August 2014.CS1 maint: numeric names: authors list (link)
  7. Kriuki, James (30 May 2018). "Bullish Tuskys pumps Sh150m into new Parklands branch". Business Daily Africa. Nairobi. Retrieved 30 May 2018.
  8. Tamale, Raymond (9 July 2018). "South Africa's Shoprite eases into former Nakumatt spaces". The EastAfrican. Nairobi. Retrieved 2 January 2019.
  9. Kimani, Mwaura (18 April 2012). "Trouble in the empire: An inside look at Tuskys Supermarkets family drama". The EastAfrican. Nairobi. Retrieved 31 October 2016.
  10. Mugambi Mutegi (11 August 2014). "Tuskys MD Replaced After Failed Ukwala Takeover". Business Daily Africa. Nairobi. Retrieved 11 August 2014.
  11. Wainaina Wambu (4 August 2020). "Errors that have turned Kenya into a retailers' graveyard". The Standard (Kenya). Nairobi. Retrieved 5 August 2020.
  12. Mutegi, Mugambi (3 June 2014). "Why Regulator Stopped Tuskys Bid To Acquire Rival Ukwala". Business Daily Africa (Nairobi). Retrieved 11 August 2014.
  13. Mutegi, Mugambi (4 August 2014). "Tuskys Shops Shut As Regulator Stops Takeover of Ukwala Stores". Business Daily Africa (Nairobi). Retrieved 11 August 2014.

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