Founded by the late John Kinuthia and his wife Zipporah, Quickmart has grown from a family business into one of the country’s largest retailers.The journey is delivering a sizable return as its shareholders sell half of their ownership to the public for Ksh.15 billion. The Kinuthia family alone is set to pocket close to Ksh.5 billion. A file photo of a Quickmart outlet. Photo/courtesyIt is a big day for the family behind Quickmart, as the supermarket chain they started in Nakuru years ago rings the bell at the Nairobi Securities Exchange.Founded by the late John Kinuthia and his wife Zipporah, Quickmart has grown from a family business into one of the country’s largest retailers.Now, that journey is delivering a sizable return as its shareholders sell half of their ownership to the public for Ksh.15 billion. The Kinuthia family alone is set to pocket close to Ksh.5 billion.For a business that began as a small supermarket in Nakuru, the ringing of the NSE bell marks both a payday for those who built it and the beginning of a new era, this time with the public as shareholders.Long before the Quickmart name appeared on storefronts across the country, there was Kids Supermarket in Nakuru. It was the business built by John Kinuthia and his wife, Zipporah, a family venture that would eventually be renamed Quickmart.“I am very happy happy happy, I feel like crying because I didn't kno...
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