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Choppies Kenya catches cold over Ram stand-off

patriot by patriot
January 25, 2021
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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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  • Killings of journalists up 50% in 2022, half targeted off duty    January 25, 2023
    Eighty-six journalists and media workers were killed around the world in 2022 – one every four days, according to UNESCO data, highlighting the grave risks and vulnerabilities that journalists continue to face in the course of their work.   […]
  • Judge Tau; please don’t stifle public scrutiny of the Court of AppealJanuary 25, 2023
    Her utterances are misplaced and must be condemned with the contempt it deserves ADAM PHETLHE The Patriot on Sunday dated 15 January 2022 carried an article titled ‘Judge Tau defends CoA Integrity’, with sub-headings “Complains of discrediting reckless statements; […]
  • Miss Botswana 2022 is the Face of KGK DiamondsJanuary 19, 2023
    Its been an exciting first week back to her MBW duties and we kick off the year with an official announcement that Our Queen is The face of KGK Diamonds. Lesego Chombo alongside Nigel Amos was the show stopper […]
  • Executives to watch in 2023January 19, 2023
    A year is often too short to demonstrate your worth, yet that’s exactly what the newly appointed Chief Executive Officers (CEOs) have to do to show that they deserve their enviable roles. PATRIOT BUSINESS looks at CEOs who shall […]
  • BLP TEST AP/BCP UNITY TALKSJanuary 19, 2023
    BAKANG TIRO editors@thepatriot.co.bw The new entrant in the cooperation talks between Alliance for Progressives (AP) and Botswana Congress Party (BCP) – Botswana Labour Party (BLP) has thrown spanner in the works by demanding that both AP and BCP yield […]
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