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Choppies Kenya catches cold over Ram stand-off

patriot by patriot
January 25, 2021
in Business
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Choppies Kenya catches cold over Ram stand-off
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v Choppies Supermarkets in Kenya could be on the brink of turmoil as on-going corporate troubles in its home country of Botswana takes a hit at its Kenyan operations.

Citizen Digital’s spot-check on Choppies outlets across its vast branches in Nairobi and Kisii has curved open the retailer’s woes to seemingly put the rather new entrant on the blink of collapse.

While the majority of outlets around Nairobi’s Central Business District were adequately stocked but for a number of empty rows and shelves to include the absence of essential brands, a spot-check of the retailer’s Kisii store showed gaping spaces.

Despite having a considerable hold of essential and fast moving commodities, the depletion of stocks from its other product categories could signify near-term trouble for the multi-national retailer.

Staffers who spoke anonymously to Citizen Digitalhave attributed the outstanding shortfall in stocks to ongoing wrangles pitting the supermarket with its suppliers, some of whom have already severed ties with the retail chain.

In Kisii, staffers have further disclosed on the grave stakes for the retailer to inform of unpaid salaries and wages dating back to a month.

Attempts to reach Choppies management for comment on the ensuing troubles were unsuccessful by the time of publishing.

The impending turmoil largely has foundation in its parent company in Botswana which in the course of last week suspended its Chief Executive Officer Ramachandran Ottapathu over the alleged non-disclosure of suspect transactions.

While the immediate discharge of the CEO has been attributed to accounting queries, multiple media outlets across Southern Africa have reported on on-going board-room wrangles pitting the suspended executive and the firm’s board.

For its troubles, Choppies has seen the trading of its shares at both the Bostwana Securities Exchange (BSE) and the Johannesburg bourse drop, having kept investors in the dark for the subsequent non-disclosure of its financial results running to June 30, 2018 and following the lapse of the September 30 reporting deadline.

The supermarket joins a queue of troubled domestic retailers who remain on the blink of collapse to include Nakumatt and Uchumi.

Choppies entrance to the Kenyan market was ushered in by the buyout of the distressed Ukwala supermarkets and has since gone on to setup new branches with a medium target of 22 outlets.

The retailer now has a hold of over 15 branches across the country to include six outlets in Kisumu, one in Nakuru, Kericho, Bungoma, Kisii and Athi River.

In Nairobi the retailer has five stores with three falling in the Central Business District.

While Choppies makes for one of the giant retailers on the continent represented in a weighty 260 stores, the retailer has humble begins in its native Botswana having began as a standalone insolvent store in 1986. [citizentv.co.ke]

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  • Dr Sikhulile Moyo named to TIME’s annual TIME100 list of the 100 most influential people in the worldMay 23, 2022
    TIME  has  named  Dr  Sikhulile  Moyo  to  the  2022 TIME100, its annual list of the 100 most influential people in the world. Dr. Moyo is the Research Laboratory Director at the Botswana Harvard AIDS Institute Partnership (BHP), a health […]
  • VACANCIES: BR PropertiesMay 17, 2022
    INTERNSHIP OPPORTUNITY Finance and Administration Closing date: 18th May 2022.
  • BANANA CLUB HOSTS FIRST MAUN EDITIONMay 17, 2022
    The artist-led collective, Banana Emoji Productions in collaboration with the European Union Delegation in Botswana hosted the beloved BANANA CLUB dialogues in Maun on the 14th of May 2022.  The multi-disciplinary creative group is committed to working with artists […]
  • Orange Botswana CEO among Africa’s most inspirational women in leadershipMay 12, 2022
    – Declares House of Rose House of Rose Professional Pte. Ltd (HORP) has announced its 2022 List of Africa’s Most Inspirational Women in Leadership. The list included over 100 inspirational leaders and was curated by House of Rose Professional […]
  • Unions ‘consider’ a Workers PartyMay 12, 2022
    Masisi snubbed trade unions on Workers Day, chose Khawa BOFEPUSU warn Masisi that Khawa could cost him elections Opposition will be top beneficiary of a Workers Party -Analyst BAKANG TIRO editors@thepatriot.co.bw Aggrieved trade union federation, Botswana Federation of Public, […]
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