Uchumi faces auction over Sh67m supplier debt
1 weeks ago, 18:32
Several Uchumi supermarkets #ticker:UCHM assets could be auctioned in seven days to clear a Sh67 million debt owed to a supplier. This comes after Euromart Limited secured a court order to auction the goods to recover the debt incurred five years ago. In a letter dated December 3, 2017, the Uchumi head office in Industrial Area and Ngong Road branch were issued the court order and attachment records obtained by the auctioneers. At the Uchumi head office, the management roughed up several journal ...
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