This archive report was first published on 22 October 2019.
Finlays, a leading flower company, has announced the closure of two farms in Kericho County, Kenya, by December 25th, 2019, due to a challenging business environment.
The closure of the Chemirei and Tarakwet farms will affect over 1,000 workers, according to media reports.
Finlays General Manager Stephen Scott attributed the decision to the dwindling rose flower prices, unfavorable weather conditions, high labor costs, and weakening exchange rates in the European market.
"It is no secret that in the last 18 months, the flower industry has been facing severe challenges... As a result, the directors have made the decision to close Chemirei and Tarakwet farms earlier than initially communicated. The final closure date will now be December 25," Scott said in a statement.
Finlays has been growing flowers within its tea plantation in Kenya since 1989, mainly focusing on the UK and European markets.
The company produces over 130 million flower stems annually, ranging from roses and carnations to Matthiola and Alstroemeria.
