Firm’s bid to wind up Tuskys over Sh250m debt kicks off

[Image source: Hivi Sasa]

The Standard | by Dominic Omondi

The beginning of what might be the end of a family empire begins tomorrow when the government starts the process of winding up Tuskys.

This is after home appliances and electronics dealer Hotpoint Appliances filed a petition to liquidate the troubled retailer with the official government receiver Mark Gakuru.

Gakuru is now expected to gazette the winding-up petition, possibly tomorrow, after which the courts will have the final say on whether to appoint a receiver-manager to take over the management of the supermarket chain.

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[Image source: Hivi Sasa]

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