French cosmetics giant L'Oreal has acquired Mumbai-based company Cheryl's Cosmeceuticals for an undisclosed amount. The company, in its first acquisition in India, has bought Cheryl's Cosmeceuticals, a pioneer in professional skin care products and treatments in beauty salons. "This is an attractive opportunity for L'Oreal in India as it broadens...
Ashland opens specialties technical center in Mumbai
Global specialty chemical company Ashland has set up a technical research and development center Mumbai to support producers of personal and home care products in India and southeast Asia. The facility will focus on bringing new personal and home care innovations to market and providing technical support that may be...
Scrappy Cavin Kare battles Unilever and Procter & Gamble with innovation and nimbleness
Chennai, India based CK Ranganathan and the company he founded, Cavin Kare, became noticed first with the success of Chik shampoo in single-use sachets that cost half a rupee. Even today most shampoo sales in India are units sold at about 2 cents a piece. As this feature story, shows...
L'Oreal of France sells $200 million in India, located R&D center in Mumbai
In 2008, 48-year old Jacques Challes, a graduate of ESCP–EAP Paris arrived as Managing Director of L'Oreal India. He had already been with the company for 26 years. During his tenure in India, the company tripled its revenue to around $200 million and has also increased market share, which in...
The Body Shop to reach 100 stores in India
Body Shop expands in India! The company said it is stepping up its visibility in India through its new store format named “Pulse.” Additionally, as part of its India strategy, it is also looking to launch its India-specific coconut hair oil product by the last quarter of the calendar year....
Foreign CPG firms gain market share in India
India's consumer market is growing rapidly both as a result of increasing population and increasing spending power by the population. Tens of millions of Indians join the middle class each year and are ready to spend on branded toilet soap, shampoo, laundry detergent and packaged foods. With the wind in...