INTERESTING QUOTES ON UCHUMI FROM THE KENYAN MEDIA

I found some interesting comments by the two Kenya’s leading newspapers on Uchumi and thought I would share with you. Havew a look…..

The firm’s sales were dwindling, as customers, tired of empty shelves and lack of variety, promptly voted with their feet (Nation)

In its re-launch after the right issue in which it raised Sh1.3 billion, it became more of a green grocer than a serious supermarket……(Nation)

In its zeal to open new branches in every nook and cranny of Kenya….. the firm had committed a schoolboy mistake, it had financed a longterm investment using short term funds (Nation)

Mr. Kirubi had cut his losses and run, he sold his shares in the firm and resigned from its board (Nation)

Uchumi has been in problem solving mode for the last five years (Nation)

Mr. Kirubi made his exit last year, yesterday, when told of the closure he exclaimed;”oh no!” (Nation)

Mr Kirubi, the flamboyant and intrepid businessman, had quietly become the lead shareholder at the chain… and in characteristic swagger, he was shoving his considerable weight around (Nation)

At the opportune time, Chris, or simply DJ CK, dumped his shares and walked away as Uchumi torpedoed towards the iceberg (Standard)

That is what demoralised employees do(Shoplifting) when they stare at retrenchment and have to wait for the 18th day of the next month to get their salary (Standard)

You got to know when to hold ’em, know when to walk away and know when to run. You never count your mony when you’re sitting at the table. There’ll be time enough for counting when the dealing’s done (Kenny Rogers) Standard