Naivas Limited

Naivas Supermarket Limited
Private Family Owned
Industry Retail
Founded July 27, 1990 (1990-07-27)
Headquarters Sameer Industrial Park
Nairobi, Kenya
Number of locations
 43 (December 2017)
Key people
  • Simon Gashwe Mukuha (Chairman)
  • David Kimani Mukuha (Director)
  • Willy Kimani (Chief Commercial Officer)
  • Peter Mukuha (Chief Operations Officer
Products Food and Non Food Grocery
Number of employees
 ~4,650+ (December 2017)
Website Homepage

Naivas Supermarket, often referred to simply as "Naivas", is a Kenyan supermarket chain. It is one of the three largest supermarket chains in Kenya.[1]

Location

The company headquarters, as well as the company's warehouses, are located in Sameer Business Park, in the Industrial Area of Nairobi, the capital and largest city of Kenya.[2] The coordinates of the headquarters of Naivas Limited are: 01°19'36.0"S, 36°52'04.0"E (Latitude:-1.326667; Longitude:36.867779).[3]

Overview

Naivas is headquartered in Nairobi, with retail outlets in many urban centres in the country. The chain is the one of the country's largest supermarket chain behind competitors Tuskys. Naivas recently opened a state of the art food market store, the first in East Africa. It has no stores outside of Kenya.[1] In July 2018, the company hired Andreas von Paleske, an "operations consultant", based in the United Kingdom, to advise and guide the company's ongoing expansion.[4] At this time, Naivas Limited maintained 47 stores in Kenya.[5]

History

Naivas Limited was registered on 24 July 1990. 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.[6][2]

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.[7] The bid triggered a feud at family-owned Naivas, and some family members asked a court to block the sale.[8] In October 2013, Naivas management stated that they were no longer selling a controlling stake to Massmart.[9] 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.[10]

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.[11] The table below depicts the shareholding as of November 2014:[12]

Naivas Limited Stock Ownership
RankName of OwnerPercentage Ownership
1David Kimani25.0
2Simon Gachwe25.0
3Linet Wairimu15.0
4Grace Wambui15.0
5The Estate of Peter Mukuha Kago20.0
Total100.00

Branches

As of December 2017, the supermarket chain maintained forty-three branches across Kenya with the Nairobi South C Estate branch being the latest.[13] By February 2018, that number had risen to 45, with the latest addition being the Capital Centre Mall Branch, along Mombasa Road in Nairobi.[14] In July 2018, the supermarket chain is expected to open its 46th store as the anchor tenant in the new Kitengela Mall, in Kitengela.[15]

See also

References

  1. 1 2 Kimani, Mwaura (11 May 2012). "The Tale of Kenya's Three Biggest Supermarket Chains". Daily Nation. Nairobi. Retrieved 2 November 2016.
  2. 1 2 Naivas Lmited (2 November 2016). "Naivas Limited: Company History". Nairobi: Naivas Limited. Retrieved 2 November 2016.
  3. ↑ Google (2 November 2016). "Location of the Headquarters of Naivas Limited" (Map). Google Maps. Google. Retrieved 2 November 2016.
  4. ↑ Otieno, Bonface (26 July 2018). "Naivas hires expert to guide expansion". Business Daily Africa. Nairobi. Retrieved 27 July 2018.
  5. ↑ Otieno, Bonface (15 July 2018). "Naivas Mombasa branch increases count to 47 stores". Business Daily Africa. Nairobi. Retrieved 27 July 2018.
  6. ↑ "Company Overview of Naivas Limited". BusinessWeek Investing. 2 November 2015. Retrieved 2 November 2016.
  7. ↑ Kiragu, Peter (23 August 2013). "Massmart Confirms Naivas Bid, Targets Fastfood Entry". The Star (Kenya). Retrieved 13 October 2014.
  8. ↑ Reuters, and Business Daily Reporter (16 October 2013). "Confusion Stalks Naivas Buyout Talks With South Africa's Massmart". Business Daily Africa (Nairobi). Retrieved 13 October 2014.
  9. ↑ Miriri, Duncan (16 October 2013). "Kenyan Retailer Naivas Says Talks With Wal-Mart Unit Are Off". Reuters. Retrieved 13 October 2014.
  10. ↑ Mutegi, Mugambi (16 July 2014). "Naivas Opens New Front With Garissa Outlet". Business Daily Africa. Nairobi.
  11. ↑ Kariuki, James (7 August 2013). "Naivas In Family Feud Over Sale To South Africa's Massmart". Business Daily Africa (Nairobi). Retrieved 13 October 2014.
  12. ↑ Macharia, Wanjiru (3 November 2014). "Big Brother Loses As Court Battle for Naivas Ends". Business Daily Africa (Nairobi). Retrieved 3 November 2014.
  13. ↑ Mutegi, Mugambi (26 December 2017). "Naivas moves for Nakumatt clients at rival's vacated space". Business Daily Africa. Nairobi. Retrieved 26 December 2017.
  14. ↑ Ngugi, Brian (8 February 2018). "Naivas takes over Uchumi space at Capital Centre Mall". Business Daily Africa. Nairobi. Retrieved 10 February 2018.
  15. ↑ Ngugi, Brian (19 April 2018). "Naivas takes space at new Kitengela mall in expansion drive". Business Daily Africa. Nairobi. Retrieved 21 April 2018.

Coordinates: 01°19′36″S 36°52′04″E / 1.32667°S 36.86778°E / -1.32667; 36.86778

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