PZ Cussons plans to sell St Tropez self-tanning brand and review African business due to Nigeria issues.
PZ Cussons, maker of Imperial Leather, plans to sell its St Tropez self-tanning brand and review its African business due to ongoing issues in Nigeria, which accounts for over a third of its total sales. The company has been negatively impacted by Nigeria's currency devaluation and high inflation, and will use any sale proceeds to invest in growth, considering targeted acquisitions and debt reduction.
April 24, 2024
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