WLTM: PZ Cussons hunting for personal care brands in UK and Indonesia

WLTM: PZ Cussons hunting for personal care brands in UK and Indonesia

PZ Cussons has revealed that it is looking for beauty brands to buy in a bid to grow its personal care portfolio, according to a report published by The Financial Times.

“Acquisitions give you scale quickly – but we are not desperate to buy,” said Brandon Leigh, Finance Director, who let slip that the company was seeking strong brands in the UK and Indonesia to boost its bottom line.

PZ Cussons saw pre-tax profits rise 5 percent in the last financial year, ended 31 May. Personal care is the group’s biggest unit, representing almost half of total sales, and also its fastest growing, up 4 percent to £431m for the full-year.

 

Leave a reply

Your email address will not be published. Required fields are marked *