Middle Eastern tourists send sales of Turkish cosmetics soaring
Middle Eastern tourists are fuelling demand for cosmetics in Turkey, according to a report published by The Daily Sabah. Middle Eastern shoppers are reported to spend three times more than the average local shopper, with baskets often totting up to TL10,000 in a...
Unilever ‘committed’ to further investment in Nigeria
Unilever is ‘committed’ to further investment in Nigeria, according to a report published by The Nation. Talking during a tour of the Anglo-Dutch FMCG major’s local manufacturing facilities, Unilever West Africa Vice President Supply Chain, Siddharth Ramaswamy told...
South Africa’s Competition Commission fines Investchem and Akulu for ‘cartel behavior’
South Africa’s Competition Commission has issued fines to two major specialty chemical suppliers for engaging in ‘cartel-like behavior’, according to a report published by All Africa. Investchem has been issued with a fine of R23,423,155 while Akulu Marchon has...
Dow and Aramco joint venture starts production at Saudi propylene glycol plant
A US$20 billion joint venture set up between Dow Chemical and Saudi Aramco, Sadara Chemical Co, has kicked off production at its propylene glycol plant. The Sardara complex is the world’s largest chemical complex to be built in a single phase. This latest milestone...
PZ Cussons: Trading conditions have improved in Nigeria
PZ Cussons has reported a ‘steady improvement’ in trading conditions in Nigeria, according to a report published by The Financial Times, with liquidity beginning to ease in the second half of the fiscal year. The UK manufacturer of St Tropez saw profits dive 37.8...
Israeli cosmetics brand Il Makiage gets financial boost from L Catterton
Financial firm L Catterton has acquired a 35.8 percent stake in Israeli cosmetics brand Il Makiage with an investment of $34 million. The investment from L Catteron, which is in part owned by the LVMH group, will go towards helping the company break the US market,...
P&G expands Nigerian operations with new Always production line
Procter & Gamble is gearing up for an expansion in Nigeria, according to a report published by Ventures Africa. The US FMCG giant has inaugurated a state-of-the-art production line for its Always brand at its manufacturing facility in Ogun State. “P&G’s growth...
Dabur cements position in African personal care market with two acquisitions
The Dabur Africa subsidiary of Dabur India has announced the acquisition of two new companies in the African market, D and A Cosmetics Proprietary Ltd and Atlanta Body & Health Products Proprietary Ltd. The country, which is said to be consolidating its presence...
Unilever Plc to invest N38 billion in Nigerian unit
Unilever Plc is set to make a cash injection to the tune of N38 billion into the Anglo-Dutch FMCG manufacturer’s Nigerian unit, according to a report published by The Nation. The capital raising programme was approved by Unilever Nigeria shareholders last week, with...
L’Oréal aims to double Middle East turnover by 2020
The Managing Director of L’Oréal Middle East, Thierry Houssin has revealed that the French beauty giant has ambitious plans for growth in the region, according to a report published by Gulf News. The goal is to double turnover in the Middle East by 2020, says Thierry...
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