January 7, 2020 / 10:39 AM / 21 days ago

Creditors of Kenyan retailer Nakumatt vote to unwind the chain - administrator

NAIROBI, Jan 7 (Reuters) - Creditors of Kenyan retailer Nakumatt voted on Tuesday to unwind the chain after effort to rescue it failed, its administrator said.

“It is liquidated basically,” said Peter Kahi, the court-appointed administrator, told a meeting of creditors present for the vote. (Reporting by Duncan Miriri; Writing by George Obulutsa; editing by Louise Heavens)

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