Foschini Group Kenya, a South African-based fashion brand, has announced its exit from the Kenyan market after appointing new liquidators to take over its establishments.
The firm appointed both Messrs George Weru and Muniu Thoithi as the joint liquidators of the company, stating that the closure of its operations in
"Notice is hereby given that the following Special Resolution was passed at an Extraordinary General Meeting of the members of
The company also directed all claims against the company to be submitted to the Joint Liquidators before
"Creditors of the company are required on or before
The South African-based fashion brand dealing with clothing, jewelry accessories, sporting and outdoor equipment, as well as homeware, has been operating various shops in the country, including
The group has a network of more than 2,100 stores in
It also has an international presence, with stores in
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