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Tuskys strikes deal with suppliers to continue providing goods

tuskys
tuskys
Photo credit: Evans Habil | Nation Media Group

What you need to know:

  • The planned move has, however, faced a fresh round of squabbles among siblings who own Tuskys.
  • Mr Yusuf Mugweru, the fourth born of the seven siblings, has vowed to block the deal.
  • He said wrangles among the retail chain’s shareholders are yet to be resolved.

Supermarket chain Tuskys has secured a deal with its suppliers to continue providing it with goods pending the sale of a majority stake to a strategic investor.

Tusker Mattresses Limited (TML) said under the agreement, suppliers have signed a “short-term portal” that will ring-fence their wares and ensure timely payment.