News related to Procter and Gamble
“In India the merger will see the Wella Hair Cosmetics unit go to Coty,” said a P&G India spokesperson who did not want to comment on the fragrances and Max Factor business as it is handled by distributors.
“With this merger, Coty will get a foothold in the salon business, which is a huge growth channel and has seen the entry of companies like Hindustan Unilever Ltd and Godrej Consumer Products Ltd in the last two years,” said Nitin Mathur, research analyst (emerging markets consumer), Société Générale Group.
“The professional hair care salon market is a Rs.700-800 crore market growing at 18-20%,” said Karthik Kaushik, country head, beauty care (professional), Henkel Adhesive Technologies, a subsidiary of Henkel AG and Co. KGaA, which is looking to double the number of salons in which Schwarzkopf is retailing India this year from 8,000 to 16,000.