Kenya: James Finlay exits flower business with sale of Kericho farm

Multinational firm James Finlay Kenya has sold its Kericho-based flower farm to Black Tulip Group for an undisclosed amount to focus on its tea and coffee business.

The sale will see workers at the Lemotit farm in Londiani, Kipkelion East, which produces roses and cut flowers for the United Kingdom and European markets, declared redundant. “The sale of Lemotit farm marks the end of Finlay’s restructuring to concentrate fully on the beverage market,” said Stephen Scott, Finlay Flowers general manager.

Black Tulip is expected to take over the business in six months after the sale received regulatory nods. The James Finlay Kenya Managing Director, Simeon Hutchinson, said the employees would keep their jobs during the transition period.

“The terms and condition of employment, and the employment contracts of all Lemotit employees will be terminated on account of redundancy, and Finlays will pay relevant dues to the affected employees,” said Mr Hutchinson.

Read the complete article at www.businessdailyafrica.com.


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