Tusker Mattresses Limited news

19 November 2019
As Carrefour launches its loyalty programme in Kenya, Jumia closes its operations in Cameroon and Tuskys drives expansion in Kenya as well, we round up news from the region. Carrefour launches MyCLUB in Kenya Carrefour in Kenya, which is operated by Majid Al Futtaim, has launched its MyCLUB loyalty programme. Shoppers will be able to access the programme through the Carrefour Kenya app and ...
13 September 2019
Kenya-based Tuskys has undertaken a number of initiatives as it prepares for an IPO in the short term. Tuskys searches for strategic investor ahead of IPO… Tuskys is rumoured to be preparing to list on the Nairobi Securities Exchange, two years after initial proposals to do so were raised. As part of the listing plans, Tuskys is looking for a strategic investor to help it implement a new ex...
01 November 2017
The chief executive of Botswana-based Choppies, Ramachandran Ottapathu, has said the retailer is looking at growing its presence in the country strongly in the next three years. Fast paced expansion expected Ottapathu said that Choppies was looking to open between 20 and 25 new stores by 2020, growing its presence from the 11 it operates in Kenya as of November 2017. Choppies entered the Ke...
06 April 2016
With Kenya’s grocery retail sector forecast to remain firmly in the top five of Africa’s largest markets by 2025, IGD's Jon Wright reviews some of the country’s key retailers and the opportunities and challenges facing them. Economic outlook remaining strong Against a poor global economic backdrop, the World Bank recently restated its belief that Kenya would perform comparatively well, with...
02 March 2016
As South Africa-based Pick n Pay opens its first spaza-to-store pilot in Diepkloof township in Soweto, Botswana-based Choppies acquires a 75% stake in Kenya-based Ukwala and Kenya-based Tuskys appoints an acting managing director, we round up news from the region. Pick n Pay to trial spaza-to-store format Pick n Pay has opened its first spaza-to-store pilot in Diepkloof township in Soweto, ...
12 February 2016
As Nakumatt looks to grow its presence outside of Kenya, its local rival, Tuskys, announces plans to launch a grocery ecommerce solution for shoppers and Zimbabwe-based Meikles says it is to continue to its expansion, we round news from the region. SPAR Group sees sales rise by 14.1% South Africa-based SPAR Group provided a sales update saying that sales rose 14.1% to ZAR28.0 bn (US$1.8 bn)...
04 February 2016
As the CEO of CFAO Retail, Carrefour’s franchisee for countries in West and Central Africa, discusses the retailer’s expansion strategy, Pick n Pay partners to help shoppers save and Botswana-based Sefalana announces first half results, we round up news from the region. CFAO Retail CEO discusses Carrefour expansion In an interview in Lineaires , the CEO of CFAO Retail, Desjobert Xavier, di...
24 November 2015
As Kenya-based Nakumatt acquires a chain in Western Kenya, its local rival Tuskys sets out where it sees opportunities for growth both regionally and from different channels and South Africa-based Fruit & Veg City investigates the wholesale channel, we round up news from the region. Nakumatt completes Yako Supermarkets acquisition Kenya-based Nakumatt has completed the acquisition of Yako S...
23 September 2015
As FreshStop opens its 200th store, Uchumi says that it is expecting to return to profit growth within a year and that it will have completed its audit in the next two weeks, Tuskys’s chief executive says that it is preparing for an IPO and SPAR looks set to add another store in Nigeria, we round up the news from the region. Uchumi sets out recovery plan, aiming for profit growth within a year...
02 June 2015
As SPAR Group announces plans to expand into Zambia, Massmart ‘finally’ enters Kenya and announces sales growth for the first 20 weeks of its financial year, and Botswana-based Choppies acquires Ukwala Supermarkets to mark its entrance into Kenya, we round up the news from the region. SPAR (South Africa) looking to enter new countries Following on from its acquisition of Ireland-based BWG i...