Tea firm’s suit against Nakumatt adds woes to struggling retailer
Tea firm’s suit against Nakumatt adds woes to struggling retailer
Tea brewer Gold Crown Beverages has filed an insolvency petition against retail chain Nakumatt seeking to recover a Sh60 million debt it says has remained unpaid since January last year.
“As at June 28, 2017 Nakumatt was justly and truly indebted to Gold Crown Beverages (and remains so indebted) in the aggregate sum of Sh60,738,069.47 being the amount due for payment of Gold Crown Beverages’ invoices in accordance with the joint business plan, March 2016-February 2017 of Nakumatt,” says Gold Crown.
