High court blocks Junction Mall owners from shutting down Nakumatt branch

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BY EURIDICE NZIOKA,NAIROBI,3RD OCT 2017-Attempts by the owners of the Junction Mall  in Nairobi   close the Nakumatt Supermarket branch housed in the expansive mall has hit a snag after  the High Court blocked  the move until  when a hearing for all parties involved in the dispute is heard  and determined on October 16.

The retailer chain had earlier accused the owners of the mall of acting in bad faith and using unethical tactics to close the outlet  last Sunday.

“We met with the directors and managers of the Junction Mall led by director Andrew Ndegwa and the MD of Knight Frank Ben Woodhams on 25 September 2017 to demonstrate to them the restocking plan that we had initiated and that was building up to achieve full stocking by 1 December 2017.

The directors and managers wished us well in this endeavor,” the retailer said.

According to Nakumatt  the move has a had a direct effect on its employees and customers while the company is making efforts to improve its business considering their current economic situation.

Meanwhile  Majid Al Futtaim has announced that it will be opening a Carrefour supermarket at the Thika road mall, bringing to three their properties in kenya.

The investers plan to take  up the 5000 square metres at Thika Road mall after the exit of Nakumatt which is facing serious cash-flow problems.

 

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