Nakumatt gives up seven stores in fresh revival plan

Troubled retailer Nakumatt has surrendered seven branches and is still in the market.

Peter Kahi, the retail broker's administrator, in a fresh affidavit filed in court Nakumatt's revival is well on track, noting that he has settled all post-receivership wages

The High Court in January The landlords, however, have been moved to the position of an administrator to run Nakumatt's affairs, a landlords who were queuing to evict the

Some landlords, however, returned

"That the company did not see it cautiously to oppose, where efforts to fight the leases would be in vain as otherw Says Kahi in an affidavit filed on Tuesday.

The seven branches that he has given up Nakumatt galleria, Garden City, Kakamega , Eldoret Household, Ridgeways, Karen Crossroads, and Cinemax.

He says he has already been stocked by the seven remaining stores, which the landlords have renegotiated and indicated they will not take adverse actions, noting that the post-receivership rents for these remaining branches