Walton’s founder MD making large investments in cosmetics

[Black_cats]

Walton’s founder MD making large investments in cosmetics​

INDUSTRY​

Morshed Noman & Abbas Uddin Noyon
30 June, 2022, 11:00 am
Last modified: 30 June, 2022, 04:48 pm

Walton’s founder MD making large investments in cosmetics

SM Ashraful Alam, founder managing director (MD) of Walton Hi-Tech Industries, is entering the country's consumer care industry with a large investment. He has set up a company named Remark HB as an affiliated partner in Asia of the US-based Remark LLC to manufacture about 400 to 500 products...

www.tbsnews.net

Infographic: TBS

SM Ashraful Alam, founder managing director (MD) of Walton Hi-Tech Industries, is entering the country's consumer care industry with a large investment.

He has set up a company named Remark HB as an affiliated partner in Asia of the US-based Remark LLC to manufacture about 400 to 500 products belonging to 40 bands of colour cosmetics, skincare, home care and personal care.

However, a top official of Walton Group said that the electronic giant has no investment in the new venture.

He said Remark HB is a completely personal initiative of Ashraful Alam, a former managing director and current director of Walton. "So, we can't make a formal comment on this matter," he added.

Ashraful Alam could not be reached on phone despite multiple attempts to elicit his comments.

Although none of the entrepreneurs spoke about the degree of investment, Remark officials said that a skin research centre would be set up along with the cosmetics industry with an investment of around Tk2,000 crore.

They also claimed that the factory under construction on 100 acres of land in Gazaria, Munshiganj, is the first major investment in the skin and care sector in the country.

The officials say Walton was founded by Ashraful Alam. He has embarked on this new venture to create another brand like Walton.
The venture has a big goal of meeting demand in the domestic market by manufacturing world-class quality cosmetics products in Bangladesh.

The officials say the investment will gradually go up to around Tk2,000 crore and about 15,000 people will get direct employment opportunities here.

Ashraful Ambia, managing director of Remark HB Limited, said, "We also aim to implement the government's goal of economic development through rapid industrialisation and job creation in the country."

"We will set up an environmentally friendly green industry. We have received clearances from the Department of Environment, the Fire Service and the local administration," he added.

The Remark officials say the wide range of the company's products, from face primer to shampoo, is sure to make people's daily life abundantly exciting. It promises to bring about a remarkable change in the concept of beauty with products carefully tailored to satisfy consumers' needs.

A member of the Remark team said, "We plan to target markets worldwide and have been conceptualising recipes from a geographical perspective. Our global R&D teams are focusing on creating products that complement all climate types globally found.

"We have established strategies uniquely planned to innovate and excite consumers' monotonous lives," he added.

According to Remark Bangladesh sources, Remark HB Limited, as an affiliate of Remark LLC, USA, is investing heavily in research and development in Europe-America's reputed product research and development organisation for manufacturing international quality products.

Stakeholders said that the market size of the industry is around $3 billion and it is getting even bigger with a compound annual growth rate of 12.5%.

Research organisations like Light Castle Partners and Allied Market Research, however, said that the estimated market size of Bangladesh's skincare or personal care industry was $1.23 billion in 2020 and is expected to hit $2.12 billion by 2027.

The reports also noted that the industry will have a growth of 8.1% from 2021 to 2027.
But counterfeit products that damage the skin instead of beautifying it remains the main threat to the sector's growth.

Industry insiders said that the market is dominated by some major players, notably Unilever Bangladesh, Kohinoor, Square, Keya, Moushumi Industries, Marico, Reckitt Benckiser Bangladesh, Dabur and Delta Group.

These companies together hold more than 95% of the market share for local products, they added.

Sharif Mohammad Ali Sumon, head of Corporate Affairs at Remark HB Limited, said the country imports cosmetics worth around Tk10,000 crore every year.

"Remark's initiative will transform this import-dependent industry into an export industry," he added.

According to multiple sources in the company, the company is also researching cosmetic products and environmentally friendly packaging components.

 

[Wergeland]

Walton’s founder MD making large investments in cosmetics​

INDUSTRY​

Morshed Noman & Abbas Uddin Noyon
30 June, 2022, 11:00 am
Last modified: 30 June, 2022, 04:48 pm

Walton’s founder MD making large investments in cosmetics

SM Ashraful Alam, founder managing director (MD) of Walton Hi-Tech Industries, is entering the country's consumer care industry with a large investment. He has set up a company named Remark HB as an affiliated partner in Asia of the US-based Remark LLC to manufacture about 400 to 500 products...

www.tbsnews.net

Infographic: TBS

SM Ashraful Alam, founder managing director (MD) of Walton Hi-Tech Industries, is entering the country's consumer care industry with a large investment.

He has set up a company named Remark HB as an affiliated partner in Asia of the US-based Remark LLC to manufacture about 400 to 500 products belonging to 40 bands of colour cosmetics, skincare, home care and personal care.

However, a top official of Walton Group said that the electronic giant has no investment in the new venture.

He said Remark HB is a completely personal initiative of Ashraful Alam, a former managing director and current director of Walton. "So, we can't make a formal comment on this matter," he added.

Ashraful Alam could not be reached on phone despite multiple attempts to elicit his comments.

Although none of the entrepreneurs spoke about the degree of investment, Remark officials said that a skin research centre would be set up along with the cosmetics industry with an investment of around Tk2,000 crore.

They also claimed that the factory under construction on 100 acres of land in Gazaria, Munshiganj, is the first major investment in the skin and care sector in the country.

The officials say Walton was founded by Ashraful Alam. He has embarked on this new venture to create another brand like Walton.
The venture has a big goal of meeting demand in the domestic market by manufacturing world-class quality cosmetics products in Bangladesh.

The officials say the investment will gradually go up to around Tk2,000 crore and about 15,000 people will get direct employment opportunities here.

Ashraful Ambia, managing director of Remark HB Limited, said, "We also aim to implement the government's goal of economic development through rapid industrialisation and job creation in the country."

"We will set up an environmentally friendly green industry. We have received clearances from the Department of Environment, the Fire Service and the local administration," he added.

The Remark officials say the wide range of the company's products, from face primer to shampoo, is sure to make people's daily life abundantly exciting. It promises to bring about a remarkable change in the concept of beauty with products carefully tailored to satisfy consumers' needs.

A member of the Remark team said, "We plan to target markets worldwide and have been conceptualising recipes from a geographical perspective. Our global R&D teams are focusing on creating products that complement all climate types globally found.

"We have established strategies uniquely planned to innovate and excite consumers' monotonous lives," he added.

According to Remark Bangladesh sources, Remark HB Limited, as an affiliate of Remark LLC, USA, is investing heavily in research and development in Europe-America's reputed product research and development organisation for manufacturing international quality products.

Stakeholders said that the market size of the industry is around $3 billion and it is getting even bigger with a compound annual growth rate of 12.5%.

Research organisations like Light Castle Partners and Allied Market Research, however, said that the estimated market size of Bangladesh's skincare or personal care industry was $1.23 billion in 2020 and is expected to hit $2.12 billion by 2027.

The reports also noted that the industry will have a growth of 8.1% from 2021 to 2027.
But counterfeit products that damage the skin instead of beautifying it remains the main threat to the sector's growth.

Industry insiders said that the market is dominated by some major players, notably Unilever Bangladesh, Kohinoor, Square, Keya, Moushumi Industries, Marico, Reckitt Benckiser Bangladesh, Dabur and Delta Group.

These companies together hold more than 95% of the market share for local products, they added.

Sharif Mohammad Ali Sumon, head of Corporate Affairs at Remark HB Limited, said the country imports cosmetics worth around Tk10,000 crore every year.

"Remark's initiative will transform this import-dependent industry into an export industry," he added.

According to multiple sources in the company, the company is also researching cosmetic products and environmentally friendly packaging components.

This is excellent news.
We need more companies like walton. Ideally several such companies that compete for the market and help eachother become better.

 

[bluesky]

Investment in all kinds of industries is most welcome. People get employment and the cosmetic sector has a huge market in BD. It has 80 million women and many of them have their independent businesses, many work in the textile sector.

So, good quality cosmetics will readily get access to the local market. Who knows the US Remark company is wishing to import cosmetics produced in BD.

Not bad, the US women would wear BD textile goods and wear make-ups produced also in BD. They will certainly look more charming and attractive.

No more Old Miss in the USA. All will get husbands before turning 23.

 

[Destranator]

Diversification of portfolio is great but he should not deviate from his focus towards making Walton a truely international brand.

 

[bluesky]

Diversification of portfolio is great but he should not deviate from his focus towards making Walton a truely international brand.

A conglomerate company has many sectors. Every sector is well-organized and operated by different teams. A time comes when workloads become too heavy and the mother company creates a new subsidiary company to look after the expanded business.

In Japan, Mitsubishi deals in pin-to-plane. There are so many others too in Japan and South Korea.

 

[Destranator]

A conglomerate company has many sectors. Every sector is well-organized and operated by different teams. A time comes when workloads become too heavy and the mother company creates a new company out of its one section or department.

In Japan, Mitsubishi deals in pin-to-plane. There are so many others too in Japan and South Korea.

Countries like Japan and South Korea have an abundance of competent business executives thanks to their quality education systems and existing developed industries.
In Bangladesh, the scenario is completely different. The education system is a joke and competent professionals are scarce. It is quite difficult for high performing companies like Walton to find suitable talent so the founders have to ensure they do not turn their attention away from developing Walton further until it becomes an established international brand. I am not against Walton's owners diversifying; I am only against them doing too many different things too quickly and neglecting Walton in the process.

 

[bluesky]

Countries like Japan and South Korea have an abundance of competent business executives thanks to their quality education systems and existing developed industries.
In Bangladesh, the scenario is completely different.

No, not so different. Remember, BD has PK Halder to look after the education!!

 

[Bilal9]

A conglomerate company has many sectors. Every sector is well-organized and operated by different teams. A time comes when workloads become too heavy and the mother company creates a new subsidiary company to look after the expanded business.

In Japan, Mitsubishi deals in pin-to-plane. There are so many others too in Japan and South Korea.

Hyundai's first business activity was making and marketing packaged noodles...

Many of the Chaebol conglomerates in Korea started very small.

Two of the Board of Directors at Walton are Young women.

This is the older of the two women - who runs the Washing machine operation.

She might end up running the Cosmetics division.

 

[PadmaBridge]

Diversification of portfolio is great but he should not deviate from his focus towards making Walton a truely international brand.

I am not a fan of conglomerates because they are inherently inefficient and stifle competition.

But BD industrialists are up against the Indian banyas.

Our guys need the scale to compete.

If Walton can dominate the home cosmetics market like it does the home appliance market - we could knock out a few Indian banyas.

Walton, obviously, feels it can knockout the Indian banyas from home market without much effort.

Good luck to them!

 

[Bilal9]

I am not a fan of conglomerates because they are inherently inefficient and stifle competition.

But BD industrialists are up against the Indian banyas.

Our guys need the scale to compete.

If Walton can dominate the home cosmetics market like it does the home appliance market - we could knock out a few Indian banyas.

Walton, obviously, feels it can knockout the Indian banyas from home market without much effort.

Good luck to them!

So - I consulted some women friends for this short report.

Indian cosmetics maker Lakme, Chembur, Nykaa, Colorbar etc. have been trying to grab market share in Bangladesh for twenty years. But I was told by local women that their quality is so bad that they never got any. A high percentage of Indian product imported suffers from defective chemical composition and spoilage.

Incidentally, sales of these Indian brands is not high in India itself. Indian women use mostly foreign brands, starting with inexpensive brands like Revlon etc. Bizarre for a nation of 1.4 Billion and a market much less than 50% of that (women foetuses are aborted).

If Walton can come up with high quality skincare products at a lower price than foreign skincare brands sold in India and Bangladesh (has to meet high pharma standards) then they can slot themselves in between the low quality local brands in India and the foreign brands sold there like "Body Shop". Of course skincare is the huge sector to target first.

The high purity Lanolin and Tocopherol that goes into high quality moisturizer and skincare products for women are not cheap, that is where Indian brands fail - because they cut corners, source lower quality, low grade chemicals and generally go cheap, even in packaging.

-----------------------------------------------------------------------------------------------------------

The Bangladesh skin care products market size was valued at $1.23 billion in 2020, and is expected to garner $2.12 billion by 2027, registering a CAGR of 8.1% from 2021 to 2027. The skin care products market exhibits an incremental revenue opportunity of $960 million from 2020 to 2027.

Skin care products refer to those products which aid skin integrity, provides relief to skin conditions, and furthermore enhance its appearance. There are several types of skin care products available in the market, which include cream, lotion, masks, serums, and others. Skin care products are manufactured using several ingredients namely, chemical compounds, medicinal herbs, or natural ingredients.

The rise in awareness regarding the benefits of self-care among consumers has propelled the growth of organic skin care products in Bangladesh. The emerging trend of herbal beauty and clean-label beauty products is regarded as one the crucial factors that boosts the market growth for skin care products in the country. In addition, increase in internet penetration has also generated a positive impact to further drive the sale of skin care products by offering multiple benefits to consumers such as heavy discounts, easy price comparisons, availability of more variety, and door step delivery. These factors cumulatively have led to an increased outspread of skin care products among consumers in the country. However, the growing penetration of counterfeit products is anticipated to hamper the Bangladesh skin care products market growth. On the contrary, the improvement in sales channels and marketing activities can be regarded as opportunities by skin care manufactures to further expand their consumer base and acquire potential growth.

Get more information on this report : Request Sample Pages

According to Bangladesh skin care products market analysis, the market is segmented on the basis of product type, demographics, age group, and sales channel. By type, it is categorized into cream, lotion and others. By demographics, it is bifurcated into male and female. By age group, it is classified into generation X, millennials, and generation Z.

Based on sales channel, the Bangladesh skin care products market segment has been studied across supermarket/hypermarket, specialty stores, department stores, beauty salons, pharma & drug stores, and online sales channel.

On the basis of type, the cream segment accounted for the maximum share in 2019, since cream and cream-based products are regarded as one of the most popular skin care products in Bangladesh. Cream based products have gained higher traction in the skin care industry since they are accepted by all types of consumers, be it high-class consumer having their preference in premium products or the low-income groups who target the lower sales value products.

In addition, the non-premium skin care products have great potential in the Bangladesh skin care products market due to country’s middle-class population and rise in health and beauty consciousness among local consumer. Although the demand for other skin care products such serums, masks, peel offs, powder, oil, cleansers, and toners are expected to grow at a higher CAGR during the forecast period in the Bangladesh skin care products market.

On the basis of demographics, the female segment was dominant, which accounted for more than half of the Bangladesh skin care products market share in 2019, and is expected to retain its dominance during the forecast period. Rise in awareness regarding skin health and increase in interest of women to look young further fuel the demand for anti-aging skin care products.

In addition, rise in demand by the urban middle- and upper middle-class consumers toward safe and cruelty free cosmetics is anticipated to boost halal-certified beauty products by local players during the forecast period.

Bangladesh Skin Care Products Market​

---

​

By Product Type​

The Others segment would witness the fastest growth, registering a CAGR of 8.5% during the forecast period.

On the basis of age group, the millennial segment held a significant share in the Bangladesh skin care products industry in 2019 as millennials in the country are more conscious about their health and fitness as compared to the other generations and hence become the target audience for skin care products. In addition, the millennial segment is expected to garner a considerable share in the future, as millennials are more tech-savvy and exhibit interest in trying new products, which make them the key target audience.

Bangladesh Skin Care Products Market​

---

​

By Demographics​

Male segment would witness the fastest growth, registering a CAGR of 8.5% during the forecast period.​

On the basis of sales channel, the supermarket/hypermarket segment held a significant share in the Bangladesh market in 2019, owing to increase in urbanization, rise in working class population, and competitive pricing. However, the online sales segment is expected to garner a considerable share, since it offers numerous consumer benefits such as saving time and efforts, heavy discounts, easy price comparisons, availability of more variety, and door step delivery.

In addition, online sales channels have increased the consumer reach, which has evolved as a key source of revenue for many companies. Hence, online stores allow attaining a larger consumer base across the country and is considered as the fastest growing sales channel during the Bangladesh skin care products market forecast period.

Bangladesh Skin Care Products Market​

---

​

By Age group​

Millennials segment would witness the largest segment registering a major share of 46.17% during the forecast period.​

The key players profiled in the Bangladesh skin care products market include Unilever Group, Kohinoor Chemical Company (Bangladesh) Limited, Square, Keya, Tasmia Cosmetics & Toiletries Ltd., Estee Lauder Inc, Procter & Gamble, Mousumi Industries Limited, Rohto-Mentholatum, and Marico.

Bangladesh Skin Care Products Market​

---

​

By Sales Channel​

Supermarket/Hypermarket segment would witness the largest segment registering a major share of 29.29%% during the forecast period.​

Key Benefits for Stakeholders

• The report provides extensive analysis of the current & emerging trends and opportunities in the Bangladesh skin care products market.
• The report provides detailed qualitative and quantitative analyses of current trends and future estimations, which help understand the prevailing Bangladesh skin care products market opportunities.
• A comprehensive analysis of the factors that drive and restrict the growth of the Bangladesh skin care products market is provided in the study.
• An extensive analysis of the market is conducted by following key product positioning and monitoring top competitors within the market framework.
• The report provides extensive qualitative insights on the potential & niche segments.

Key Market Segments

• By Type
  • CREAM
  • LOTIONS
  • OTHERS
• By Demographic
  • MALE
  • FEMALE
• By Age Group
  • GENERATION X
  • MILLENNIAL
  • GENERATION Z
• By Sales Channel
  • PREMIUM SKIN CARE PRODUCTS
  • NON-PREMIUM SKIN CARE PRODUCTS
  • SUPERMARKET/HYPERMARKET
  • SPECIALTY STORES
  • DEPARTMENT STORES
  • BEAUTY SALONS
  • Pharma & drug stores
  • ONLINE SALES CHANNEL

Key Market Players

• Unilever Group
• Kohinoor Chemical Company (Bangladesh) Limited
• Square
• Keya
• Tasmia Cosmetics & Toiletries Ltd.
• Estee Lauder Inc
• Procter & Gamble
• Mousumi Industries Limited
• Rohto-Mentholatum
• Marico

 

[UKBengali]

I am not a fan of conglomerates because they are inherently inefficient and stifle competition.

But BD industrialists are up against the Indian banyas.

Our guys need the scale to compete.

If Walton can dominate the home cosmetics market like it does the home appliance market - we could knock out a few Indian banyas.

Walton, obviously, feels it can knockout the Indian banyas from home market without much effort.

Good luck to them!

Walton is now a billion US dollar revenue company - this coming from 350 million US dollars 4 years ago and so revenues are growing at 30% a year average.

It will very soon become the largest company by revenue in BD and its factory employees will swell by 15,000 when the 2nd production plant is fully operational by 2027.

I agree that this is a potential "easy win" for Walton and they should at least try to take some of the market from the Indians in this sector.

 

[PadmaBridge]

Indian cosmetics maker Lakme, Chembur, Nykaa, Colorbar etc. have been trying to grab marketshare in Bangladesh for twenty years. But I was told by local women that their quality is so bad that they never got any. Incidentally, sales of these Indian brands is not high in India itself. Indian women use mostly foreign brands, starting with inexpensive brands like Revlon etc.

-----------------------------------------------------------------------------------------------------------

The Bangladesh skin care products market size was valued at $1.23 billion in 2020, and is expected to garner $2.12 billion by 2027, registering a CAGR of 8.1% from 2021 to 2027. The skin care products market exhibits an incremental revenue opportunity of $960 million from 2020 to 2027. Skin care products refer to those products which aid skin integrity, provides relief to skin conditions, and furthermore enhance its appearance. There are several types of skin care products available in the market, which include cream, lotion, masks, serums, and others. Skin care products are manufactured using several ingredients namely, chemical compounds, medicinal herbs, or natural ingredients.

The rise in awareness regarding the benefits of self-care among consumers has propelled the growth of organic skin care products in Bangladesh. The emerging trend of herbal beauty and clean-label beauty products is regarded as one the crucial factors that boosts the market growth for skin care products in the country. In addition, increase in internet penetration has also generated a positive impact to further drive the sale of skin care products by offering multiple benefits to consumers such as heavy discounts, easy price comparisons, availability of more variety, and door step delivery. These factors cumulatively have led to an increased outspread of skin care products among consumers in the country. However, the growing penetration of counterfeit products is anticipated to hamper the Bangladesh skin care products market growth. On the contrary, the improvement in sales channels and marketing activities can be regarded as opportunities by skin care manufactures to further expand their consumer base and acquire potential growth.

View attachment 858589

Get more information on this report : Request Sample Pages

According to Bangladesh skin care products marketanalysis, the market is segmented on the basis of product type, demographics, age group, and sales channel. By type, it is categorized into cream, lotion and others. By demographics, it is bifurcated into male and female. By age group, it is classified into generation X, millennials, and generation Z.

Based on sales channel, the Bangladesh skin care products market segment has been studied across supermarket/hypermarket, specialty stores, department stores, beauty salons, pharma & drug stores, and online sales channel.

On the basis of type, the cream segment accounted for the maximum share in 2019, since cream and cream-based products are regarded as one of the most popular skin care products in Bangladesh. Cream based products have gained higher traction in the skin care industry since they are accepted by all types of consumers, be it high-class consumer having their preference in premium products or the low-income groups who target the lower sales value products. In addition, the non-premium skin care products have great potential in the Bangladesh skin care products market due to country’s middle-class population and rise in health and beauty consciousness among local consumer. Although the demand for other skin care products such serums, masks, peel offs, powder, oil, cleansers, and toners are expected to grow at a higher CAGR during the forecast period in the Bangladesh skin care products market.

On the basis of demographics, the female segment was dominant, which accounted for more than half of the Bangladesh skin care products market share in 2019, and is expected to retain its dominance during the forecast period. Rise in awareness regarding skin health and increase in interest of women to look young further fuel the demand for anti-aging skin care products. In addition, rise in demand by the urban middle- and upper middle-class consumers toward safe and cruelty free cosmetics is anticipated to boost halal-certified beauty products by local players during the forecast period.

Bangladesh Skin Care Products Market​

---

​

By Product Type​

The Others segment would witness the fastest growth, registering a CAGR of 8.5% during the forecast period.

On the basis of age group, the millennial segment held a significant share in the Bangladesh skin care products industry in 2019 as millennials in the country are more conscious about their health and fitness as compared to the other generations and hence become the target audience for skin care products. In addition, the millennial segment is expected to garner a considerable share in the future, as millennials are more tech-savvy and exhibit interest in trying new products, which make them the key target audience.

Bangladesh Skin Care Products Market​

---

​

By Demographics​

Male segment would witness the fastest growth, registering a CAGR of 8.5% during the forecast period.​

On the basis of sales channel, the supermarket/hypermarket segment held a significant share in the Bangladesh market in 2019, owing to increase in urbanization, rise in working class population, and competitive pricing. However, the online sales segment is expected to garner a considerable share, since it offers numerous consumer benefits such as saving time and efforts, heavy discounts, easy price comparisons, availability of more variety, and door step delivery. In addition, online sales channels have increased the consumer reach, which has evolved as a key source of revenue for many companies. Hence, online stores allow attaining a larger consumer base across the country and is considered as the fastest growing sales channel during the Bangladesh skin care products market forecast period.

Bangladesh Skin Care Products Market​

---

​

By Age group​

Millennials segment would witness the largest segment registering a major share of 46.17% during the forecast period.​

The key players profiled in the Bangladesh skin care products market include Unilever Group, Kohinoor Chemical Company (Bangladesh) Limited, Square, Keya, Tasmia Cosmetics & Toiletries Ltd., Estee Lauder Inc, Procter & Gamble, Mousumi Industries Limited, Rohto-Mentholatum, and Marico.

Bangladesh Skin Care Products Market​

---

​

By Sales Channel​

Supermarket/Hypermarket segment would witness the largest segment registering a major share of 29.29%% during the forecast period.​

Key Benefits for Stakeholders

• The report provides extensive analysis of the current & emerging trends and opportunities in the Bangladesh skin care products market.
• The report provides detailed qualitative and quantitative analyses of current trends and future estimations, which help understand the prevailing Bangladesh skin care products market opportunities.
• A comprehensive analysis of the factors that drive and restrict the growth of the Bangladesh skin care products market is provided in the study.
• An extensive analysis of the market is conducted by following key product positioning and monitoring top competitors within the market framework.
• The report provides extensive qualitative insights on the potential & niche segments.

Key Market Segments

• By Type
  • CREAM
  • LOTIONS
  • OTHERS
• By Demographic
  • MALE
  • FEMALE
• By Age Group
  • GENERATION X
  • MILLENNIAL
  • GENERATION Z
• By Sales Channel
  • PREMIUM SKIN CARE PRODUCTS
  • NON-PREMIUM SKIN CARE PRODUCTS
  • SUPERMARKET/HYPERMARKET
  • SPECIALTY STORES
  • DEPARTMENT STORES
  • BEAUTY SALONS
  • Pharma & drug stores
  • ONLINE SALES CHANNEL

Key Market Players

• Unilever Group
• Kohinoor Chemical Company (Bangladesh) Limited
• Square
• Keya
• Tasmia Cosmetics & Toiletries Ltd.
• Estee Lauder Inc
• Procter & Gamble
• Mousumi Industries Limited
• Rohto-Mentholatum
• Marico

Bro,

You, bluesky, ukBengali, HomoSapiens and BlackCats are a fountain of knowledge.

And put my knowledge of BD to shame.

I come here to learn but Hindu trolls keep derailing our threads!

And mods do nothing about it.

Anyway, thanks for posting the above. Enjoyed skimming through it.

I want to learn more from you guys.

 

[Destranator]

This is excellent news.
We need more companies like walton. Ideally several such companies that compete for the market and help eachother become better.

Walton's management are a completely different breed compared to mainstream Bangladeshi entrepreneurs who lack creativity. We have a few other conglomerates in the electronics space (e.g.-Jamuna Electronics) but they have so far failed to keep up.
We really need to revamp our education system and make it more market focused.

 

[UKBengali]

Bro,

You, bluesky, ukBengali, HomoSapiens and BlackCats are a fountain of knowledge.

And put my knowledge of BD to shame.

I come here to learn but Hindu trolls keep derailing our threads!

And mods do nothing about it.

Anyway, thanks for posting the above. Enjoyed skimming through it.

I want to learn more from you guys.

Yep, I called two mods on two of the threads where the trolls(India and BD) were trying to derail things and they did nothing so far.

The problem is that sensible BD posters keep engaging them and so they get fed and thereby stay active.

I have already advised against it but people keep doing it.

There are so few of them that if everyone ignored them they would eventually go away.

 

[PadmaBridge]

Walton's management are a completely different breed compared to mainstream Bangladeshi entrepreneurs who lack creativity. We have a few other conglomerates in the electronics space (e.g.-Jamuna Electronics) but they have so far failed to keep up.
We really need to revamp our education system and make it more market focused.

Bangladesh’s schools, colleges and unis are so poor. It is a national shame.

Problem starts with our academics - they are too poor by international standards to set curriculums. Let alone develop teachers.

We should start with an English medium school in each Upazila. Hire foreign teachers for them. Adopt one of the English boards for exams and assessments.

Then gradually turn all unis to teach exclusively in English.

Otherwise we will never have the skilled manpower to industrialise. And be trapped in middle income status.

We need a ten year plan for academia!

Yep, I called two mods on two of the threads where the trolls(India and BD) were trying to derail things and they did nothing so far.

The problem is that sensible BD posters keep engage them and so they get fed and thereby stay active.

I have already advised against it but people keep doing it.

There are so few of them that if everyone ignored them they would eventually go away.

I am afraid I am one of the guilty ones who replies to them!

I cannot resist kicking their danglers. Their arguments are so contradictory - it’s very easy to humiliate them.

E.g. when they cry about Hindu persecution but cannot explain why Bangladesh has a large Hindu population despite the land of milk and honey giving them CAA/NRC.

There would not be any Muslims in India if Pakistan opened its doors hahaha