Type Private Family Owned Number of employees ~2,000+ Headquarters Nairobi Founded 27 July 1998 | Industry Retail Website Homepage Motto Saves you money. | |
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Number of locations 39 as of 2 November 2016 Key people Simon Gashwe Mukuha (Chairman)
David Kimani Mukuha (Director) | ||
Naivas Supermarket, often referred to simply as "Naivas", is a Kenyan supermarket chain. It is one of the three largest supermarket chains in Kenya.
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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. 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).
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 Nakumatt and Tuskys. It has no stores outside of Kenya.
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:
Branches
As of November 2016, the supermarket chain maintained 40 branches across Kenya with theThika branch being the latest.