Tag Archives: L’Oreal
L’Oreal: Latest News
Peter Pedroncelli, 5:45 am AFKI Original
The cosmetics industry in Africa is a burgeoning market that is set for increased interest from international brands as well as added opportunities for local entrepreneurs. From $400 per weekend to $1 million a month, local business successes form part of the cosmetics narrative in Africa, with opportunities waiting to be tapped. Here are 12 things you may not know about the cosmetics industry in Africa.
Dana Sanchez, 1:04 pm
With 40-percent of its revenue generated in a shrinking Eurozone, France-based cosmetics company L’Oréal is eyeing fast-growing economies such as Rwanda and Ghana for expansion, according to a report in SeekingAlpha. Emerging economies are experiencing stronger buying power and it’s showing up in L’Oreal’s revenue mix. About 40 percent of L’Oreal’s revenue comes from emerging markets — a 62 percent increase since 2005, when just 25 percent of L’Oreal’s revenue came from emerging markets.
Dana Sanchez, 1:38 pm
The recent acquisition of Kenyan beauty product manufacturer Interconsumer Products (ICP) by L’Oréal suggests that global players are looking to expand into the African continent given its growth potential.
Shishana Evans, 10:35 am
MAC, an Estee Lauder-owned company, recently opened a store in Lagos. Karen Buglisi, global brand president of MAC,said the store’s top-selling product is its $24 Ruby Woo lipstick.
Makula Dunbar, 8:48 pm
From Forbes L’Oreal, the world’s leading cosmetic company has acquired the health and beauty division of Interconsumer Products, one of Kenya’s largest manufacturers of personal care and beauty products. The deal was closed on Friday April 12 and was announced only today by Wang’ombe Kariuki, the Director General of Kenya’s Competition Authority. Meanwhile, the Kenyan […]
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