Tuesday, October 03, 2006

Husbands move to Egypt is in the papers

Tuesday, October 03, 2006

Brajesh Bajpai (BMD 96) to Head Marico Acquisition in Egypt

Marico eyes more buys in Egypt

Priyanka Sangani / Mumbai October 03, 2006
From Business Standard

After acquiring the Egyptian hair care brand Fiancee last month, Mumbai-based Marico Industries is hungry for more. The company was scanning the Egyptian market for more acquisitions, Marico CFO Milind Sarwate told Business Standard.

This time Marico is looking closely at the beauty and wellness segments. Marico may also examine rationalising the Fiancee portfolio.

To get a closer grip on its Egyptian operations, Marico recently appointed Brajesh Bajpai, a former executive of Frito Lay India, as its country head for the African nation. Marico might also make Egypt the hub for its expansion into other African markets.

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