Archive for November 7th, 2008

  • Swedish Cosmetic Giant Enters Local Market

    The Standard:
    Swedish cosmetics giant, Oriflame, has launched its operations in Kenya. The company is injecting Sh140 million initial capital into the local subsidiary that will import and distribute Oriflame beauty products.

    Fred Anderson, the Chairman and Chief Executive of Oriflame East Africa, however, said the company would inject more capital depending on the region’s market dynamics. [...]