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L’Oreal SA (OR) expects the middle class in Angola and Cameroon to expand sufficiently over the next three years to warrant setting up operations there, Business Report said, citing Geoff Skingsley, managing director for Africa and the Middle East.
The company is planning to introduce Kiehls retail outlets in South Africa as part of its strategy to win market share of 16 percent on the continent, the Johannesburg-based paper reported Skingsley as saying.
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