Unilever sells brands in Africa as it continues focus on multicultural and male consumers
In a bid to focus on its multicultural and male consumers, Unilever has sold the brands Motions, Just for Me, Consort, Groom & Clean and TCB to international hair care company Strength of Nature for an undisclosed sum. Kees Kruythoff, President of Unilever North...
Unilever East Africa to invest in regional infrastructure
Unilever East Africa is said to have entered into a memorandum of understanding with Tatu City Limited for the acquisition of 70 acres of industrial land. The move is thought to be part of a series of investment activities planned in order to drive growth in the...
Reckitt Benckiser: Nigeria is the new Brazil
Reckitt Benckiser’s CEO Rakesh Kapoor has revealed in an interview with Bloomberg that the company believes that Nigeria has the potential to become a high-growth market to rival Brazil. However, Kapoor warned that businesses would have to be patient and take a...
Unilever Nigeria partners with Abuja Chamber of Commerce and Industry
Unilever Nigeria has become a member of the Abuja Chamber of Commerce and Industry Limited (ACCIL). At the presentation of the membership certificate to Unilever, President of ACCIL, Tonye Ejinkonye noted that the support of multinationals was key to growing the...
Inglot Global Cosmetics to open 100 stores in UAE by 2020
One of Poland’s leading cosmetics manufacturers, Inglot Global Cosmetics, has announced plans to open some 220 stores across the GCC region, with 100 in the UAE alone by 2020. The GCC region currently accounts for 8 percent of Inglot’s sales volume worldwide, with 19...
Strong growth in the Middle East prompts Prism Group’s Kindus perfumes to eye Iranian market
Prism Group’s luxury fragrance brand, Kindus perfumes, has enjoyed great success since the launch of its Oud-inspired scents in the UAE and GCC markets. According to Prism Group CEO Mohammed Abdul Jalil Musabih, the company has witnessed triple-digit growth in the...
Strong growth in the Middle East prompts Prism Group’s Kindus perfumes to eye Iranian market
Prism Group’s luxury fragrance brand, Kindus perfumes, has enjoyed great success since the launch of its Oud-inspired scents in the UAE and GCC markets. According to Prism Group CEO Mohammed Abdul Jalil Musabih, the company has witnessed triple-digit growth in the...
Unilever Nigeria boss meets new Lagos Governor
Unilever Nigeria Managing Director Yaw Nsarkoh spoke in support of a government initiative designed to create an enabling environment for business in Lagos State. According to a report published by punchng.com, Nsarkoh said that the Governor had shown his desire to...
Fall in Q1 pretax profit for PZ Cussons Nigeria
The Nigerian arm of British personal care company PZ Cussons has reported a 37.3 per cent fall to 546.8 million naira ($2.75 million) while revenue declined 0.44 per cent to 14.95 billion naira during the three months ending 30 August 2015. In other news, PZ Cussons...
Fall in Q1 pretax profit for PZ Cussons Nigeria
The Nigerian arm of British personal care company PZ Cussons has reported a 37.3 per cent fall to 546.8 million naira ($2.75 million) while revenue declined 0.44 per cent to 14.95 billion naira during the three months ending 30 August 2015. In other news, PZ Cussons...
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