Retailer Tusker Mattresses Limited has confirmed plans to aid the recovery of Nakumatt Holdings through a strategic restocking programme.
The programme which will be undertaken progressively is mutually exclusive of the ongoing legal processes.
It is aimed at providing a life support platform for Nakumatt ahead of a proposed corporate merger; subject to regulatory approvals.
Speaking when he confirmed the restocking programme kick off, Tusker Mattresses CEO Dan Githua, described the initiative as a strategic corporate nursing exercise.
The restocking programme he said, is being undertaken in conjunction with leading retail suppliers as part of a mutual commitment to support Nakumatt’s recovery.
The programme, he added has been structured to facilitate the rapid recovery of the retailer as part of a homegrown process to sustain its operations and mitigate systemic risks to the local formal retail sector.
The first phase, Githua said will feature the restocking of seven key branches in Nairobi and Mombasa.
Already, Tuskys has facilitated the restocking of Nakumatt Village Hypermarket and Nakumatt Ukay Supermarket in Nairobi.