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Nice & Lovely Sold??
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ZZE123
#1 Posted : Friday, April 12, 2013 4:24:55 PM
Rank: Elder

Joined: 6/21/2008
Posts: 2,490
I hear that Paul Kinuthia owner of Interconsumer Products Ltd has sold his company to L'Oréal Group the world's largest cosmetics and Beauty Company.
What is the intention of L'Oréal being a premium brands manufacturer and Nice & Lovely is a mass market brand?
Patricia Ithau is the new MD of the company.
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Mastermind
#2 Posted : Monday, April 15, 2013 12:47:15 AM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
ZZE123 wrote:
I hear that Paul Kinuthia owner of Interconsumer Products Ltd has sold his company to L'Oréal Group the world's largest cosmetics and Beauty Company.
What is the intention of L'Oréal being a premium brands manufacturer and Nice & Lovely is a mass market brand?
Patricia Ithau is the new MD of the company.


http://www.businessdaily.../1/-/d2t841/-/index.html
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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sparkly
#3 Posted : Monday, April 15, 2013 6:38:13 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
ZZE123 wrote:
I hear that Paul Kinuthia owner of Interconsumer Products Ltd has sold his company to L'Oréal Group the world's largest cosmetics and Beauty Company.
What is the intention of L'Oréal being a premium brands manufacturer and Nice & Lovely is a mass market brand?
Patricia Ithau is the new MD of the company.

Loreal has been importing products from their factories in SA, India and Brazil for sale in Kenya, Tanzania, Uganda, Ethiopia.

Now they have a factory where they can formulate and package them in Kenya for sale in the region.

They don't really care about driving IC's products. Those will be dropped of pronto.
Life is short. Live passionately.
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ZZE123
#4 Posted : Monday, April 15, 2013 3:09:50 PM
Rank: Elder

Joined: 6/21/2008
Posts: 2,490
sparkly wrote:
ZZE123 wrote:
I hear that Paul Kinuthia owner of Interconsumer Products Ltd has sold his company to L'Oréal Group the world's largest cosmetics and Beauty Company.
What is the intention of L'Oréal being a premium brands manufacturer and Nice & Lovely is a mass market brand?
Patricia Ithau is the new MD of the company.

Loreal has been importing products from their factories in SA, India and Brazil for sale in Kenya, Tanzania, Uganda, Ethiopia.

Now they have a factory where they can formulate and package them in Kenya for sale in the region.

They don't really care about driving IC's products. Those will be dropped of pronto.

@sparkly – Why would they drop business worth Kes 2B?
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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madollar
#5 Posted : Monday, April 15, 2013 3:27:47 PM
Rank: Veteran

Joined: 11/17/2009
Posts: 2,040
Location: GA
Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice .....
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digitek1
#6 Posted : Tuesday, April 16, 2013 3:08:05 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
madollar wrote:
Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice .....

or Tony Airo Applause
I may be wrong..but then I could be right
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ZZE123
#7 Posted : Tuesday, April 16, 2013 7:18:39 PM
Rank: Elder

Joined: 6/21/2008
Posts: 2,490
madollar wrote:
Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice .....

I hear its something between 3B and 4B and for a section (80%) of his business - Not shares but specific brands
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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kryptonite
#8 Posted : Friday, April 19, 2013 1:49:30 PM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
http://bit.ly/13lBABu

Inspiring story
The harder you work, the luckier you get
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kryptonite
#9 Posted : Friday, April 19, 2013 1:55:56 PM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
digitek1 wrote:
madollar wrote:
Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice .....

or Tony Airo Applause


Is Tony still doing his hair products? Last I read about his venture I was a bit underwhelmed to be honest
The harder you work, the luckier you get
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Gathige
#10 Posted : Friday, April 19, 2013 5:47:41 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
ZZE123 wrote:
sparkly wrote:
ZZE123 wrote:
I hear that Paul Kinuthia owner of Interconsumer Products Ltd has sold his company to L'Oréal Group the world's largest cosmetics and Beauty Company.
What is the intention of L'Oréal being a premium brands manufacturer and Nice & Lovely is a mass market brand?
Patricia Ithau is the new MD of the company.

Loreal has been importing products from their factories in SA, India and Brazil for sale in Kenya, Tanzania, Uganda, Ethiopia.

Now they have a factory where they can formulate and package them in Kenya for sale in the region.

They don't really care about driving IC's products. Those will be dropped of pronto.

@sparkly – Why would they drop business worth Kes 2B?


@sparkly, to kill the IC brand and build theirs. These may all homogeneous products and the buyers long-term aim may be to have their brand very visible in the market and the price may be a small drop in their "global ocean".

If i were the IC's guy ( if wishes were horses!), i would sell them shares and ride on their brand in the long term.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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