Home business kenya WHO OWNS TUSKYS SUPERMARKET AND HOW IT STARTED .

WHO OWNS TUSKYS SUPERMARKET AND HOW IT STARTED .

SHARE

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

Through the power of choice, quality products, excellent services and pocket friendly prices, atuskys serve over 10 million customers every month from our 62 retail stores and online platforms across the region. Over the years, our unique approach to business has proved to be fundamental in establishing Tuskys as a regional leader in the retail industry.

HOW TUSKYS SUPERMARKET STARTED

The Kamau family grew up in the small town of Rongai near Nakuru. It was here that in 1985 Mzee Joram would open his first store, Magic, selling mattresses.

The senior Kamau cultivated a unique relationship with the founder of Nakuru Mattresses (today known as Nakumatt), who was doing brisk business across the street. Their relationship would see Mzee Joram gain access to a variety of goods on generous credit terms.

The goods would later be re-sold at very affordable prices, a strategy that would later stimulate growth. Years later, as his business grew, Mzee Joram would leave his first shop to his brother. That shop would later be transformed into the Naivas Supermarket brand.

The 1990’s, would see Mzee Joram’s sons join their father in business and embark on an ambitious expansion strategy through their subsidiary Tusker Mattresses. Staying true to their father’s values, the Kamaus would see Tuskys blossom from a simple wholesale shop to a Chain of branches spread across the country and in Uganda offering a diversified range of products. This is despite the Founder the Late Mzee Joram Kamau passing on in 2002.

WHO OWNS TUSKYS SUPERMARKET ?

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. 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.

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

CONTACTS

+254 709 382 334
+254 709 382 335
Careers

BEST PAYING COMPANIES IN KENYA AND THEIR SALARIES

SK MACHARIA BIOGRAPHY, NET WORTH, WIFE, FAMILY, CV AND CONTACTS

WHO OWNS NAIVAS SUPERMARKETS IN KENYA

Loading...