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FINANCIAL NEWS
VLCC expands across the Middle East
21 Aug 2013
(MENAFN) VLCC, an Indian wellness company, is planning to expand among the Middle East and invest USD20 million to launch a new branch in Bahrain, according to Gulf Daily News.
VLCC, Asia’s largest chain of slimming, fitness and beauty centers, launched a facility in Dubai in 2005, one of its 121 facilities around the world, and plans to expand in the Middle East. Bahrain is one of the international markets it plans to invest in.
The company bought the best beauty-product producing companies in Malaysia and Singapore since it plans to expand and spread its products of hair, body, and skin care products.
Mukesh Luthra, company chairman, said: “We are looking to expand across Asia and recently acquired two companies in Malaysia and have product manufacturing facilities in India, Bangladesh and Singapore. We are also looking at Africa as a market and are considering a move into Kenya in the near future. But it is in the Middle East we see our most important growth and Bahrain has a key role in this.”
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