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Nice & Lovely Sold??
Rank: Elder Joined: 6/21/2008 Posts: 2,490
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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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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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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.htmlIf 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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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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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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Rank: Veteran Joined: 11/17/2009 Posts: 2,038 Location: GA
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Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice .....
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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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  I may be wrong..but then I could be right
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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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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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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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http://bit.ly/13lBABu
Inspiring story The harder you work, the luckier you get
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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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 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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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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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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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... No Chance of that happening "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans.
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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mawinder wrote:madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans. 247m is not too shabby The harder you work, the luckier you get
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Rank: Member Joined: 8/7/2010 Posts: 728 Location: Wazuaville
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kryptonite wrote:mawinder wrote:madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans. 247m is not too shabby assuming he was still able to finance the loan then for a company with such potential 247M is chicken poop "Money never sleeps"
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Rank: Veteran Joined: 11/17/2009 Posts: 2,038 Location: GA
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mawinder wrote:madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans. keroche seems to be in the same boat with a loan from barclays bank in the tune of over a billion shillings.Which brings the question can you run a succesful enterprise without taking loans...
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Rank: Member Joined: 4/20/2008 Posts: 437
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mawinder wrote:madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans. Interesting. @Mawinder, is it also true as I heard somewhere that R Kimotho got 'peanuts' [after selling Kameme/K24] with the bulk of the sale proceeds going to settle liabilities at, coincidentally, CBA?
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Rank: Member Joined: 8/7/2010 Posts: 728 Location: Wazuaville
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madollar wrote:mawinder wrote:madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans. keroche seems to be in the same boat with a loan from barclays bank in the tune of over a billion shillings.Which brings the question can you run a succesful enterprise without taking loans... Keroche was doing fine with launch after launch of products gracefully attended by jakom or his bro or his side kick the 500thao-shilling-suit man. I'm told Castle offered her 9B she turned it down so they opted for keringet. Loans are not bad your ability to pay is what matters "Money never sleeps"
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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kiriita wrote:mawinder wrote:madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans. Interesting. @Mawinder, is it also true as I heard somewhere that R Kimotho got 'peanuts' [after selling Kameme/K24] with the bulk of the sale proceeds going to settle liabilities at, coincidentally, CBA? I will confirm,but the level of our media reports is wanting.They dont follow up where the so called billions end up.
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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kiriita wrote:mawinder wrote:madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans. Interesting. @Mawinder, is it also true as I heard somewhere that R Kimotho got 'peanuts' [after selling Kameme/K24] with the bulk of the sale proceeds going to settle liabilities at, coincidentally, CBA? Very true. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Member Joined: 2/9/2012 Posts: 576
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Am wrote:kiriita wrote:mawinder wrote:madollar wrote:Just how many billions did he pocket and it was a sole propreitorship .Next could be the owner AFYA juice ..... So the business was indebted and he took home only 247m as the balance was shared btwn KCB and CBA to offset loans. Interesting. @Mawinder, is it also true as I heard somewhere that R Kimotho got 'peanuts' [after selling Kameme/K24] with the bulk of the sale proceeds going to settle liabilities at, coincidentally, CBA? Very true. she was struggling to pay hence 'they'(CBA) Approached her with an offer .they were privy to the business dynamics hence an upper hand.I think expanding to tv rapidly was not a good idea Africa belongs to Africans.
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