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...
Sephora set to acquire Turkish cosmetics brand Tekin Acar Cosmetics
Beauty retail giant Sephora is set to acquire Turkish cosmetics retailer Tekin Acar Cosmetics following approval from the Competition Board. The sale follows the closure of many Tekin Acar Cosmetic stores as the company struggled to stay afloat due to exchange rate...
Reckitt Benckiser to open largest distribution center in Africa to serve Ogun factory
Reckitt Benckiser’s Vice President for Africa, Ata Sadfar has indicated that the company is set to open its largest distribution center on the African continent in Ogun, Nigeria, according to a report published by Nigerian newspaper The Guardian. “Africa is one of our...
Growth soars as Kenyans catch on to deodorant culture, says market leader Nivea
The Kenyan deodorant market has hit a value of Sh1.4 billion and counting, according to a report published by Capital FM Business, as Kenyans catch on to the ‘deodorant culture’. Francis Afulani, Marketing Director for Central, East & West, told Capital FM...
Could Frutarom set a new M&A record? Buys Vietnam’s Western Flavors for US$1.3 million
After eight acquisitions in 2016 and an impressive 12 in 2015, it looks like Frutarom is set to repeat, if not beat its M&A record this year. The Israeli flavors and fine ingredients business has agreed to acquire a majority stake (60 percent) in Vietnamese...
PZ Cussons Nigeria reports strong Q3 sales
The Nigerian arm of PZ Cussons has reported strong Q3 sales thanks to the personal care and home sectors showing ‘healthy volumes’ with sales growing by 19 percent year on year to N23.8bn. The company’s sales beat the company’s forecast by 16.9 percent and is said to...
L’Oréal’s Egypt hub to up production to meet MENA demand; French beauty giant plans Egyptian Hair Institute for May
The Managing Director of L’Oréal Egypt, Benoit Julia, has revealed to Daily News Egypt that it is set to open one of its signature hair dressing academies, L’Oréal Hair Institute, in the country in May. Julia also disclosed that its state-of-the-art manufacturing...
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