Business
Choppies Supermarket Is Closing Down
Choppies supermarket which started in Botswana is planning to leave the Kenyan retail market after only 4 years.
The retailer has struggled to grow market shares in the competitive retail market owing to huge competition from rivals some of which have merged.
On Wednesday in an Extraordinary General Meeting (EGM) with shareholders the company stated that it had listed its Kenyan assets for sale. It also classified 12 of its stores as distressed.
Choppies had earlier announced plans to treble the number of its stores in the next three years before its downfall due to financial difficulties.
This year alone the retailer which was the anchor supermarket in Kiambu mall shut down after experiencing stockouts amid rising operation costs. The company also shut down its Bungoma outlets.
The retailer has been hit by a myriad of challenges in a couple of countries as its struggles to even pay suppliers.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
How SportPesa Outfoxed Paul Ndung’u Of His Stakes With A Wrong Address Letter
Court Told How EABL Has Exploited Artists, Influencers in Campaigns
Temporary Reprieve As Mohamed Jaffer Wins Mombasa Land Compensation Despite Losing LPG Monopoly and Bitter Fallout With Johos
Gor Semelang’o Released From Jail But Not Allowed To Leave Dubai Over Multimillion Investment Scam
Hass Petroleum Empire Faces Collapse as Court Greenlights KSh 1.2 Billion Property Auction
Shanta Gold’s Sh680 Billion Gold Discovery in Kakamega Becomes A Nightmare For Community With Deaths, Investors Scare
Oketch Salah, Raila’s Confidant Now Swimming in Power Doesn’t Go Without Controversies
From Daily Bribes to Billions Frozen: The Jambopay Empire Crumbles as CEO Danson Muchemi’s Scandal-Plagued Past Catches Up
Omtatah, Cofek Move to Court to Stop Sh208 Billion Kenya-US Health Agreement
Panic As Sakaja Orders Mandatory Audit Of Academic Credentials for All Staff To Weed Out Fake Certificates Holders
Kenyan Driver Hospitalized After Dubai Assault for Rejecting Gay Advances, Passport Seized as Authorities Remain Silent
Kakuzi Investors Face Massive Loss as Land Commission Drops Bombshell Order to Surrender Quarter of Productive Estate
Money Bior, Lawyer Stephen Ndeda Among 18 Accused Of Running An International Fraud Ring Involved With Scamming American Investor Sh500 Million
Nestlé Accused of Risking Babies’ Health in Africa with ‘Toxic’ Cerelac Product Sold Highest in Kenya
Construction Of Stalled Yaya Center Block Resumes After More Than 3 Decades and The Concrete Story Behind It
How Somali Money From Minnesota Fraud Ended In Funding Nairobi Real Estate Boom, Al Shabaab Attracting Trump’s Wrath
INSIDER LEAK REVEALS ROT AT KWS TOP EXECUTIVES
BANKS BETRAYAL: How Equity Bank Allegedly Helped Thieves Loot Sh10 Million From Family’s Savings in Lightning Fast Court Scam
CNN Reveals Massive Killings, Secret Graves In Tanzania and Coverup By the Govt
TSC Announces Major Policy Shift To End Transfer Of Promoted Teachers
-
Investigations2 weeks agoHow Land Grabbing Cartels Have Captured Ardhi House
-
News2 weeks ago48-Year-Old Woman Who Pushed 25-Year-Old Boyfriend To Death From 14th Floor Kilimani Apartment Arrested
-
News2 weeks agoChristine Lewis Arrested in the US After Allegedly Posing as Registered Nurse
-
Business1 week agoPanic As Payless Africa Freezes With Billions of Customers Cash After Costly Jambopay Blunder
-
Business2 weeks agoSHOCKING LOAN SCANDAL: Mwananchi Credit Slammed for Turning Sh7 Million Loan Into Sh22 Million Debt Trap
-
Africa2 weeks agoPredators of South Sudan: Young “Guardians” Loot Billions
-
News1 week agoSCANDAL: Cocoa Luxury Resort Manager Returns to Post After Alleged Sh28 Million Bribe Clears Sexual Harassment and Racism Claims
-
Business2 weeks ago
Mwananchi Credit Faces Massive Lawsuits After Court Flags Predatory Lending That Left Customers’ Loans Ballooning