Monday, September 16, 2019
Home General Naivas Chairman Passes On

Naivas Chairman Passes On

Naivas supermarkets chairman Simon Gashwe Mukuha has died.

Mr Mukuha died on Monday evening at Aga Khan Hospital in Nairobi where he has been undergoing treatment since last week.

Naivas supermarket Chief Operations Officer Willy Kimani confirmed the death.

“Mr Mukuha has passed on this (Monday) evening at Aga Khan Hospital in Nairobi where he was undergoing treatment after suffering a heart attack,” Mr Kimani told the Nation

DIRECTORS

Naivas supermarket directors include Mr David Kimani who owns 25 per cent stake, the late Simon Gashwe who owned 25 per cent stake, Linet Wairimu who owns 15 per cent stake, Grace Wambui 15 per cent and their late father Peter Mukuha Kago who owned 20 per cent stake.

The death of their father in 2010 opened the lid on the wrangles on the family owned business pitting the family members against their brother Newton Kagira who moved to court to claim part of the ownership of the retail giant.

He claimed in court that he had the rightful ownership of the stake in business. The case has been dragging in court since his father died. He would later open his retail business named Green Mart supermarket.

FEUD

The feud saw South African retail giant Massmart exit from buying the majority stake from Naivas after Mr Kagira moved to court and successfully stopped the transaction
Instead, Massmart would embark on opening their branded stores-named Game, in Kenya. Massmart wanted to acquire a 51 per cent at Naivas.

The growth of Naivas has been tremendous under the stewardship of Simon Gashwe and David Kimani who acts as the managing director of the retailer that has seen the retailer expand its branch network across the country.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest articles

I Would Give Her My Tits To Suckle Just To comfort Her, Bishop Muliri Says On Bringing His Daughter Up After Angela Chibalozas death

Angela Chibaloza was one of the greatest gospel artistes we’ve ever had. Her nice music inspired us but sadly, she passed away at the...

NASA Chief Executive Officer Norman Magaya Flown Abroad For Treatment

Ailing former National Super Alliance (NASA) Chief Executive Officer Norman Magaya has been airlifted for further treatment abroad. Magaya who left the country today (Sunday,...

Jane Mugo, The Investigator Spills The Beans on 5 Billion Estate Tussle Which has Brought Her Woes

Details have emerged on the battle for a Sh 5 Billion empire pitting controversial private detective Jane Mugo against top police officers. A decision by...

‘I’m Not Afraid Of You, Female Gangstar Investigator’ Tells DCI Kinoti, ‘Come Get Me’

If the government wants me, why do it on air? Private investigator Jane Mugo has said. Mugo is the woman who was being sought by...