Home Business Naivas in family feud over Sh6bn stake sale

Naivas in family feud over Sh6bn stake sale

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Business Daily | by Simon Ciuri


Naivas Supermarkets is locked in a fresh family feud over ownership of the giant retailer and proceeds from the sale of a minority stake to a consortium of investors for Sh6 billion.

Newton Kagiri Mukuha, the eldest of the three brothers who since 2012 have been fighting a bruising battle for control of Naivas Supermarkets, has renewed his fight over the retail chain in a row that has seen the High Court block further stake sales in the firm…

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