• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Marico Industries has been keenly watched by market participants following its strategic alliance with Cairo-based Pyramids Group for hair care brand HairCode. According to them, this would make Marico, which already has a strong presence, a dominant player in the hair care segment.

"The alliance, for an undisclosed consideration, envisages for the company, direct investment in a company with manufacturing facilities in Egypt, apart from the acquisition of the brand HairCode. The Pyramids Group will continue to distribute the brand for the medium term and has agreed for a non-compete in certain segments. The company had marked its entry into the hair-care market in Egypt when it acquired Fiancee in September this year," Marico informed the BSE in its recent filings. According to analysts tracking the company, this deal would contribute to the per share earnings of the company for the current and 2008 fiscals.

K.S. Badri Narayanan

More Stories on : Stock Markets | Stocks | Ear to the ground | Personal Products

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SAT stays SEBI order against depositories, DPs

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line