The deal reached between the two retail operators will now see Nakumatt Holdings taking over the running of Woolmatt supermarket branches in a move geared at enhancing Nakumatt’s Nairobi Central Business District (CBD) presence.

The deal also marks the first ever-major acquisition deal ever undertaken by a local retail chain against a running competitor.

Speaking in Kakamega during the official opening of the new Nakumatt Kakamega supermarket at the town’s Holden Mall, Nakumatt Holdings Managing Director Mr. Atul Shah said the acquisition had been undertaken as part of the firm’s national expansion plans.

The Nakumatt Boss disclosed that the restoration of the CBD’s city in the sun glory backed by customer demands had moved to attract Nakumatt Holdings to consider investing further in the city centre

“Alongside our ongoing branch openings such as here in Kakamega, Nanyuki and Diani, I am happy to confirm that we have also acquired Woolmatt branches in Nairobi as part of a move to enhance our CBD presence,” Shah said.

And added: “all these openings remain inline with our regional expansion plans and puts us in very good position to attain our 2010 targets.”

In Kakamega, the new state of the art Nakumatt Kakamega is the first Nakumatt outlet in Western province and is expected to raise the bar in the regions retail scene.

Refurbishment works to upgrade the four new branches to Nakumatt standards are set to immediately commence ahead of their scheduled reopening in May.

As part of this plans, Nairobi residents are set to enjoy a 25% clearance sale at the former Woolmatt Wabera street branch now renamed Nakumatt City Hall.

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