normal_post - Wipro Acquires Splash Corporation - Philippine Business News Author Topic: Wipro Acquires Splash Corporation  (Read 290 times)

MIKELIGALIG.com

  • FOUNDER
  • Webmaster
  • *****
  • avatar_1382_1499847132 - Wipro Acquires Splash Corporation - Philippine Business News
  • Posts: 23808
  • medal1 - Wipro Acquires Splash Corporation - Philippine Business Newsmedal2 - Wipro Acquires Splash Corporation - Philippine Business Newsmedal3 - Wipro Acquires Splash Corporation - Philippine Business News
  • NEED A WEBSITE? email me: info@mikeligalig.com
    • Share Post
clip - Wipro Acquires Splash Corporation - Philippine Business News
Wipro Acquires Splash Corporation
« on: April 30, 2019, 01:31:50 PM »
MANILA -- Indian firm Wipro Consumer Care has fully acquired the stake of Ang-Hortaleza Corporation in the personal care business of Splash Corporation, optimistic about the Philippine market but with plans to bring the homegrown brand to the international scene.

Splash is among the largest personal care players in the Philippines which has built brands in whitening, exfoliant, and haircare categories.

Nagender Arya, Regional Director at Wipro Consumer Care, is bullish the local market will continue growing in the next five to 10 years.

“We have to grow the Philippine (market). We expect to continue to grow in double-digit in Philippines and the export of the international business has to be on top,” he said in an interview Monday.

Arya said they are eyeing to start this year exporting the personal care products to Nigeria, Middle East, Vietnam, Indonesia and Hong Kong.

“These are the countries which are closer, where the brands have already some appeal. And probably, we will evaluate in China later. So these are the markets that we have in mind to expand these brands,” he added.

With the acquisition through signing of a share purchase agreement, Arya said Wipro aimed strengthen its consumer care portfolio in personal care and completes its Southeast Asian footprint.

“In Southeast Asia, we are big in Malaysia, we are big in Indonesia, we are big in Vietnam. We are very small in Philippines. We realized that this one market which is a large market but we don’t have direct presence. So we were looking a partner here who could actually grow the business, get us a scale,” he added.

Rolando Hortaleza, chief executive officer and founder of Splash Corp., said “I am very glad that Splash is becoming part of the Wipro group. This gives us immediate access to resources that will help us fuel faster growth in our business, and enable us to unlock the true potential of our brands.” (PNA)

Get FREE 500GB online storage:
https://www.pcloud.com/welcome-to-pcloud/?discountcode=fDiE7jtC01VPbCIygaM67jZV



Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=90137.0
Romans 10:9-10
"If you declare with your mouth, Jesus is Lord, and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved."

Get FREE 500GB cloud storage:
https://www.pcloud.com/welcome-to-pcloud/?discountcode=fDiE7jtC01VPbCIygaM67jZV



Share via facebook Share via linkedin Share via pinterest Share via reddit Share via twitter
 

Latest Topics

Beware of the word Clean Title by MIKELIGALIG.com
[Yesterday at 05:50:36 AM]


AMAZING Facts by islander
[Yesterday at 02:11:42 AM]


Mandaue to Tubigon, Bohol Liteferry Schedule by MIKELIGALIG.com
[October 20, 2019, 10:07:58 PM]


Tubigon to Mandaue Cebu Liteferry by MIKELIGALIG.com
[October 20, 2019, 10:04:09 PM]


Tubigon to Cebu Liteferry Boat Schedule by MIKELIGALIG.com
[October 20, 2019, 09:45:54 PM]


Cebu to Tubigon Liteferry Boat Schedule by MIKELIGALIG.com
[October 20, 2019, 09:24:25 PM]


DILG Circular Does Not Cover Cutting of Trees by MIKELIGALIG.com
[October 20, 2019, 04:12:10 PM]


BILECO AGMA 2019 by MIKELIGALIG.com
[October 20, 2019, 07:50:02 AM]


John Chapter 1 Tagalog Language by MIKELIGALIG.com
[October 20, 2019, 07:38:11 AM]


Jesus’ message to the believers at Ephesus by MIKELIGALIG.com
[October 20, 2019, 07:29:03 AM]

SMF spam blocked by CleanTalk
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2019, SimplePortal