The closure of the three branches brings to five the number of branches closed in Uganda
Troubled retail chain Nakumatt Supermarkets has shut down three branches in Uganda.
In a statement dated July 1st, Knight Frank, the property manager of the Acacia Mall, Village Mall and Victoria Mall, said Nakumatt ceased being a tenant of the three shopping centres.
“Knight Frank Uganda regrets to inform our loyal clientele that on 28th June 2017, Nakumatt stores at Acacia Mall - Kololo, Village Mall - Bugolobi and Victoria Mall - Entebbe were closed” the statement reads.
“The supermarket space at these malls will go under redevelopment to add additional value to our shoppers and their shopping experience.”
The retail giant has been struggling to pay its suppliers because it was experiencing some cash flow challenges and the closure of the three branches brings to five the number of branches closed in Uganda.
Nakumatt was in January dragged to court over alleged failure to pay for supplies made between February and November 2016 and the chain closed another branch in April over a rent dispute.