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PZ Cussons reverses African divestment plan due to strong growth and long-term regional potential.
PZ Cussons has reversed its plan to sell its African operations, including in Nigeria, citing improved economic conditions and double-digit revenue growth in the region.
The UK-based company, which initially considered divestments in 2024 due to currency risks and losses, now believes retaining its African business creates greater shareholder value.
It will focus on expanding into men’s grooming and beauty, leveraging strong brands like Imperial Leather and Venus, while using Nigeria and Kenya as regional hubs.
Despite past challenges from inflation and currency devaluation, the company highlighted Africa’s growing population, urbanization, and rising middle class as key long-term drivers.
It also confirmed it will not sell its St Tropez brand and continues to streamline non-core assets.
PZ Cussons revierte el plan de desinversión africano debido al fuerte crecimiento y al potencial regional a largo plazo.