Naivas Limited

Naivas Supermarket Limited

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Type	Private Family Owned
Industry	Retail trade
Founded	27 July 1998 (1998-07-27)
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.

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. The bid triggered a feud at family-owned Naivas, and some family members asked a court to block the sale. In October 2013, Naivas management stated that they were no longer selling a controlling stake to Massmart. 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.

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. The table below depicts the shareholding as of November 2014:

Naivas Limited Stock Ownership

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

As of November 2015, the supermarket chain maintained 39 branches across Kenya with the Ukunda branch being the latest.

See also

3

External links

• Official website
• Naivas Siblings Get Court Orders To Sell Big Brother’s Shop
• Naivas Founder’s Son Looks To Grow His Own Retail Chain