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Tuskys to shut half of it branches

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Kenyan Wall Street | by Miriam Wangui


Troubled retail store Tuskys plans to shut half of its branches in an attempt to stay in operation.

The supermarket chain is facing deep financial challenges that have made it to scale back on its operations. Tuskys runs 52 stores in Kenya and aims to bring them down to 25 stores.

The retailer has been in and out of court due to its failure to pay suppliers, employees, and other parties it owes money…

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