Tuskys

Tusker Mattresses Limited
Private Family Owned
Industry Retail trade
Founded 1990
Headquarters Nairobi, Kenya
Products Supermarkets
Subsidiaries In Kenya, and Uganda
Slogan Pay Less, Get More. Everyday.
Website Homepage

Tuskys is a Kenyan supermarket chain.

Location

The Head Office of Tuskys is located at Gami Properties Complex, along Mombasa Road, in Nairobi, the capital of Kenya, the largest economy in the East African Community. The coordinates of the headquarters of Tusker Mattresses Limited are:1°20'05.0"S, 36°53'38.0"E (Latitude:-1.334722; Longitude:36.893889).[1]

Overview

The supermarket chain owns and operates nearly 60 supermarkets in Kenya, and 6 stores in Kampala, the capital of Uganda, the third-largest economy in the East African Community. Tuskys is the second-largest supermarket chain in the Great Lakes region, behind market leader Nakumatt. The company employs in excess of 6,000 people in Kenya alone.[2]

Branches

As of August 2014 the supermarket chain has nearly 50 stores in the African Great Lakes region, including at the following locations: (a) Kenya[3] and (b) Uganda. The seven stores in Uganda are located in the following neighborhoods:

  1. Bugoloobi Branch - Spring Road, Bugoloobi
  2. Bwaise Branch - Kampala Northern Bypass Highway, Bwaise
  3. Kitintale Branch - Portbell Road, Kitintale, Luzira
  4. Makerere Branch - Makerere Hill Road, Makerere
  5. Naakulabye Branch - Hoima Road, Naakulabye
  6. Ntinda Branch - Bukoto-Ntinda Road, Ntinda.
  7. Seeta Branch - Kampala-Jinja Road, Seeta, Mukono

Ownership

Tuskys is a wholly Kenyan, privately held company, owned by seven siblings, five brothers and two sisters, the offspring of Joram Kamau, the founder of the business, who died in 2002. The table below summarizes the shareholding within the company.[4]

Tuskys Stock Ownership
Rank Name of OwnerPercentage Ownership
1John Kago10.0
2Samuel Kamau17.5
3Stephen Mukuha17.5
4Yusuf Mugweru 17.5
5George Gachwe17.5
6Founder's Daughter I10.0
7Founder's Daughter II10.0
Total100.00

Other considerations

Beginning in April 2013, Tuskys Supermarkets struck a private deal with Ukwala Supermarkets, a rival chain, whereby Tuskys would buy six Ukwala stores in the Nairobi area. To arrive at a fair price, Tuskys took over the management of two of the stores, to assess traffic and commercial flow at those locations. The two chains did not consult the Competition Authority of Kenya (CAK), as required by law. When CAK got wind of the transaction, the regulator stopped the deal and fined the two chains a total of KES:5.3 million (about US$62,000). The regulator ordered the management arrangements to be reversed.[5] When the supermarket chains did not move fast enough, the CAK closed the two stores in question.[6]

See also

References

  1. ↑ Google, . "Location of Tuskys Headquarters At Google Maps". Google Maps. Retrieved 11 August 2014.
  2. ↑ Okulo, Lola (24 February 2014). "Tuskys Locks Horns With Its Workers Again". The Star (Nairobi). Retrieved 11 August 2014.
  3. ↑ TML, . "The Supermarket Locations of Tuskys". Tusker Mattresses Limited (TML). Retrieved 11 August 2014.
  4. ↑ Mutegi, Mugambi (11 August 2014). "Tuskys MD Replaced After Failed Ukwala Takeover". Business Africa Daily (Nairobi). Retrieved 11 August 2014.
  5. ↑ Mutegi, Mugambi (3 June 2014). "Why Regulator Stopped Tuskys Bid To Acquire Rival Ukwala". Business Daily Africa (Nairobi). Retrieved 11 August 2014.
  6. ↑ Mutegi, Mugambi (4 August 2014). "Tuskys Shops Shut As Regulator Stops Takeover of Ukwala Stores". Business Daily Africa (Nairobi). Retrieved 11 August 2014.

External links

Coordinates: 01°20′05″S 36°53′38″E / 1.33472°S 36.89389°E