LC Waikiki Retail Kenya Limited · LEAD
Turkish Fashion Giant LC Waikiki Battles Survival Crisis as Kenyan Operations Bleed Millions
Mombasa store closure signals deeper troubles for once-ambitious retail expansion The gleaming shop floors of LC Waikiki’s Likoni Mall outlet in Mombasa tell a story of retail ambition gone awry. What was meant to be a strategic beachhead for the Turkish fashion giant’s Kenyan expansion has instead become a financial albatross, hemorrhaging money as shoppers […]