- 11:24 PM Student visa applications to US, UK see 25% drop
- 10:46 PM Astec LifeSciences to start a project in Q3FY11
- 10:20 PM Rangebound session for Nifty ahead of Nov series e...
- 09:30 PM Politics stirs over Ayodhya mosque report
- 09:23 PM Clean energy, better homes cut pollution, save liv...
- 09:11 PM US to face stimulus aftershocks: Warren Buffett
- 09:02 PM Expert stock/sector picks for tricky markets
- 08:53 PM Indian techie logging out of downturn gloom
- 08:52 PM Expert stock/sector picks in these markets
- 08:44 PM Govt not to relook at arrested CLB member's probe



Marico Ltd has acquired the haircare brand Fiancée from the Egypt-based Ready Group for an undisclosed amount.
The Fiancee brand comprises `value for money' hair creams and a hair gel range and has a 20 per cent share in the Rs 170-crore haircare market in Egypt. It also gives the company access to the manufacturing and sales infrastructure for the 15-year-old brand.
In a notice to the BSE, the Marico Group Chairman, Mr Harsh Mariwala, said, "This footprint in Egypt will help us widen our strides in the international haircare market". Mr. Sayed El Ready, Chairman of the Ready Group, said, "Marico with its expertise in the haircare segment, would make a big success of the Fiancee brand.
International business
Marico 's international business turnover during FY 2006 was Rs 117 crore — about 10 per cent of the Group's revenue. During 2006, Marico made four acquisitions both within and outside India. Adopting a strategy of growing through acquisitions, Marico is open to buying out more brands globally in the beauty and wellness segments.
contd on page 2...
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Ex-bonus, RIL will see correction: SP Tulsian

- Mkts to remain strong; bet on midcaps: Ramesh Damani
- Sudarshan Sukhani's top five picks for today's trade

- Nifty to test 5500 post 5-7% correction: JM Financial

- Ganeshaspeaks: Market prediction for Nov 25
- Expert sector picks to power your portfolio ahead

- Below Rs 94, Mahindra Satyam can test Rs 85: Bhambwani

- Mah Satyam looks at out-of-court settlement with creditors

- S&P raises fears over health of some banks
Source: ft.com
- Auto sector growth to push up demand for rubber
Source: Business Line
- High networth individuals see glitter in commodities
Source: Business Line
- Tatas may launch electric Indica by early 2011
Source: Business Line










