Uchumi faces auction over Sh67m debt


Struggling retailer Uchumi has 15 days to settle a Sh67.6 million debt to a supplier or face auction.

Euromat limited, a local supplier has been given the go ahead by the Milimani court to auction Uchumi’s movable goods should the retailer renege to pay up the debt.

In a notice from the high court Uchumi has been ordered to pay Sh67.6 million debt and Sh155,335 being interest accrued.

“These are to command you to sell by auction after giving 15 days previous notice and after making due proclamation the judgment debtor’s property attached under a warrant from this court,” reads the…

Source – Citizen TV