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Crisis bites wholesale sector

Crisis bites wholesale sector

…as Mohammed Mussa scales down operations


Crisis has hit the wholesale and retail sector amid reports of serious scaling down of operations of one of the leading wholesale supplier of wide range of products,Mohammed Mussa Wholesalers due to economic headwinds.

Reports in the market say Mohammed Mussa has already closed down the half of its operations and wants to further scale down operations.

Impeccable sources told Zimhub Info that giant wholesaler is on the brink of closure.

“Critical players in the retail and wholesalers are currently at Mohammed Mussa offices for a crisis meeting where there are discussions on the difficulties that the giant is facing and what can be done to keep the business afloat.

“We fear that if the situation is not handled well , the giant could close shop any time from now and it will be a disaster for the sector,” a source close to the developments said.

It is understood that the crisis started at 11 am and the outcomes will be known in the near future.

Mohammed Mussa wholesale supply services range from groceries, hardware,electricals,furniture to kitchen utensils.

More details to follow…

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