| Type | Private |
|---|---|
| Industry | Retail trade |
| Founded | 2006 |
| Founder | John Kinuthia |
| Headquarters | Nairobi, Kenya |
Key people | Peter Kang'iri Chief Executive Officer |
| Products | Supermarkets |
Number of employees | 5,000+ (2022) |
| Subsidiaries | In Kenya |
| Website | Homepage |
Quick Mart, also Quickmart, is a Kenyan supermarket chain. As of June 2022, it was the second largest supermarket chain in the country, behind market leader, Naivas Limited, with 84 stores and over 8,000 employees. [1] At that time, according to its website, Quickmart had 53 retail outlets and employed in excess of 5,000 people. [2]
Quickmart was founded in 2006 in the then town of Nakuru (today Nakuru City), by the late John Kinuthia, a businessman, who passed away in 2016. In its early years, it as run as a family-owned and family-operated business. As of November 2017, the retail chain maintained eight outlets. [3] [4]
Quickmart merged with Tumaini Self Service Limited, another retail chain in 2019. At the time of the merger, Quickmart had 11 branches and Tumaini had 13 branches. The new business adopted the Quick Mart brand. The merger concluded in 2020. [5] [6] The majority shareholder in the new business is Adenia Partners of Mauritius, through their wholly owned Kenyan subsidiary company Sokoni Retail Kenya. [7]
As of June 2022, Quick Mart Limited was the second-largest supermarket chain in Kenya, with 53 retail outlets. [1] [2] In 2017 the components of today's (2022) Quickmart had gross annual sales in excess of KSh1 billion (approx. US$10 million) then. [6]
Quick Mart is a fast-growing retail chain. In 2021, it opened six new stores, the highest number among all supermarket chains in the country that year. A number of factors contributed to that rapid growth. Three large Kenyan supermarket chains collapsed around that time; Nakumatt, Tuskys and Uchumi all went under in rapid succession. At about this time, Choppies Enterprises Limited, a retail chain based in Botswana withdrew from Kenya. With new funding from Adenia Partners, Quick Mart expanded into some of the locations vacated by the closed firms. [8]
The table below illustrates the shareholding in Quick Mart Supermarkets Limited in June 2022. [6] [7]
| Rank | Name of Owner | Domicile | Percentage Ownership | Notes |
|---|---|---|---|---|
| 1 | Kinuthia Family | Kenya | Less than 50.0 | [6] [7] |
| 2 | Sokoni Retail Kenya* | Kenya | More than 50.0 | [6] [7] |
| Total | 100.00 | |||
After the merger with Tumaini Self Service Stores, Quick Mart is led by a 10-person senior management team headed by the chief executive officer, Peter Kang'iri. [6] [9]
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