Nakumatt Supermarket is set to shut down its NextGen Mall branch located along Mombasa Road in Nairobi from Saturday.
Nakumatt announced that the branch would be shut down until further notice.
The retail giant has been struggling financially over the past few months with creditors threatening to auction Nakumatt's assets to recover their debts.
Among the creditors are High Park Mall and Thika Road Mall that are demanding Sh51 Million and Sh8.8 Million in rent arrears respectively.
Other creditors are Integer who are demanding Sh23 Million and Highport Properties that is seeking Sh5 Million from the Retailer.
In August a section of Nakumatt workers downed their tools demanding payment of salaries.
The employees claimed they were yet to receive their June and July salaries.
In June the Government announced it would not bail out Nakumatt arguing that the Supermarket was a private company.
Nakumatt’s Boss Atul Shah has however blamed the Supermarket's latest woes on a series of Government actions dating back to 1998.
Some of the issues Mr Shah outlined included the ban on imported beef suspected to be contaminated with mad cow disease, the Kenya Revenue Authority (KRA) move to issue a Sh1 billion tax demand as well as the demolition of Nakumatt Thika Road branch in November 2008.
He also accused the State of being responsible for the fire that gutted down Nakumatt Downtown in the Nairobi Central Business District, saying it was caused by repair works on a transformer along Kimathi Street.
