Tuesday, October 03, 2006
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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