Naivas Limited
| 150px | |
| Private Family Owned | |
| Industry | Retail trade |
| Founded | 27 July 1998 |
| Headquarters | Sameer Industrial Park Nairobi, Kenya |
|
Key people
|
Simon Gashwe Mukuha Chairman David Kimani Mukuha Director |
| Website | Naivas Homepage |
Naivas Supermarket, often referred to simply as "Naivas", is a Kenyan supermarket chain.
Overview
Naivas is headquartered in Nairobi, with retail outlets in country. The chain is the country's third largest supermarket chain behind Nakumatt and Tuskys. Naivas has a wider branch network than Uchumi, which is listed on the Nairobi Securities Exchange.
History
Naivas Limited was registered on 24 July 1998. It previously traded as Rongai Self Service Stores Limited, serving mainly in Rongai in Nakuru County. The company name was changed later to Naivasha Self Service Stores Limited, before re-branding to the current Naivas Limited, in 2007.[1]
In August 2013, the Johannesburg Stock Exchange-listed Massmart, a subsidiary of retail giant Walmart, offered to acquire a 51 per cent stake in Naivas at a cost of KSh3 billion, giving Massmart a controlling interest in the retail chain.[2] The bid triggered a feud at family-owned Naivas, and some family members asked a court to block the sale.[3] In October 2013, Naivas management stated that they were no longer selling a controlling stake to Massmart.[4] On 16 July 2014, Naivas opened a store in Garissa, making it the first major retailer to open an outlet in the town. This was Naivas' 31st branch in Kenya.[5]
Ownership
Naivas Limited is a privately owned company, whose shares are held by the descendants of its founder Peter Mukuha Kago, who died on 6 May 2010.[6] The table below depicts the shareholding as of November 2014:[7]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | David Kimani | 25.0 |
| 2 | Simon Gachwe | 25.0 |
| 3 | Linet Wairimu | 15.0 |
| 4 | Grace Wambui | 15.0 |
| 5 | The Estate of Peter Mukuha Kago | 20.0 |
| Total | 100.00 |
Branches
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See also
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References
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External links
- EngvarB from July 2014
- Use dmy dates from July 2014
- Pages with broken file links
- Articles containing potentially dated statements from November 2015
- Pages using columns-list with unknown parameters
- Official website not in Wikidata
- Supermarkets of Kenya
- 1998 establishments in Kenya
- Retail companies established in 1998
