Struggling Tuskys supermarkets pays suppliers Ksh.2.7B after complaints to CAK
Tuskys supermarkets has paid suppliers Ksh2.7 billion in a bid to beat a regulatory deadline to settle its obligations that had remained outstanding for months.
The competition authority of Kenya ordered Tuskys to settle supplier debt of Ksh1.2 billion by last week after a group of companies complained to the regulator about the retailer’s default.
This as the retailers outlets continue to operate with empty shelves as most suppliers suspend their services.
The troubled retailer Tuskys supermarkets has made a Ksh.2.7 billion to its suppliers following an order by the competition authority of Kenya.
This follows complaints filed by suppliers to CAK seeking the delayed payments from the retailer.
In a statement, CAK stated that following engagements with the authority, they were presented with a payment plan which will be honoured as agreed, thereby reducing the debt progressively as confirmed through compliance checks.
The authority further called upon suppliers who have been aggrieved to present their case before CAK to enable them establish the Tuskys’ true debt portfolio.
Once touted as the biggest retail outlet in the country, Tuskys supermarkets now seems to be following in the footsteps of the once great Nakumatt supermarket.
A spot check by Citizen Digital revealed that the retail chain is operating with empty shelves.
At the retail’s T-mall outlet most of the shelves where milk products, flour, soaps and detergents are stocked were empty.
Similarly, its Greenspan mall outlet also had many empty shelves with some employees disclosing to us that the store’s management promised to restock soon.
Its Ngong Road outlet seemed to the worst affected with almost half of its shelves empty as of Monday.
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