Local retailer–Tusker Mattresses Limited (Tuskys) will be meeting key suppliers and creditors starting next week, as part of its business revival plan. It has also arranged meetings with fresh, FMCG, and general merchandise suppliers next Saturday and suppliers of its Mavazi clothing line (November 10). It will have talks with its electronic suppliers on November 12 and labour union representatives, and labour outsourcing later on the same day. Management will also be meeting and space-letting partners to sort out rent issues, in one-on-one meetings to be mutually agreed upon. The latest developments come after the High Court asked the retailer to engage its creditors on plans to settle its outstanding debts.

Source: The Star October 31, 2020 04:52 UTC