Just stick to your Lane and avoid stress...
This is 'AM A DIVA' salon,not amadiva like Armadillo...
come here now.
Nairobi salons chain sells stake to Dutch fund A Netherlands-based private equity fund has bought a minority stake in a high-end Nairobi salons chain that is seeking capital to expand across East Africa.
TBL Mirror Fund announced last week that it has acquired a minority stake in Neo Amadiva, which has salon outlets in Nairobi’s Riverside and Hurlingham suburbs.
Neo Amadiva said the cash will be used to expand the salon chain through new branches and franchising branded stores in urban areas across East Africa.
“The capital will enable us to pioneer and roll out a salon concept that will deliver premier grooming services and products at international standards targeted at the growing aspirational black middle class in Africa,” Amadiva founder and chief executive Maureen Murunga said in a statement.
mahustlers please go to river rori kwa wembe na spirit. The value of stake acquired was not disclosed, though TBL said its average investment is about Sh85 million ($1 million) per deal. The investment is full equity.
TBL says
Amadiva’s target market of working class women falls within its investment criteria of high-growth— small businesses that are being driven by the emerging middle class.
“The sustained growth in consumerism continues to play a critical role in the development of economies in the region,” said TBL Mirror Fund’s managing partner Eline Blaauboer.
In addition to having a seat on the salon’s board, TBL has also brought in
Peta Klaassen, the former chief executive of Wave, a franchise salon store with 200 branches across Belgium, Netherlands and Luxemburg, to help Amadiva in product development
Amadiva was formed in 2010 when Ms Murunga purchased two salons from Beauty Clinic Limited which ran salons under the Urembo brand
Ok, These are multinationals,so the price is within range.