Sunday, May 6, 2012

AHS mulls SL entry

Top hair replacement company, Advanced Hair Studio (AHS) in India is to soon form joint ventures with local partners and its UK-based parent company to establish its presence in Sri Lanka apart from Bangladesh and the Gulf region, a foreign media report states. According to the report, AHS India, which has rights to operate in the Indian sub-continent and the Gulf region, will be the majority stakeholder in these overseas ventures.
“The company, which took five years to establish five hair replacement studios in India, has now accelerated its pace of expansion. It will be opening 15 more studios in top Indian cities, while entering Colombo, Dhaka, Dubai and Abu Dhabi by 2015,” the report stated.
AHS India had started its operations in the country in 2007 as a 50:50 joint venture between $2.3 billion Advanced Hair Studio International and the entity owned by Sanket Shah who is also the CEO of Planet Education and Elite Infrastructure in India.
“We will soon be partnering with a Sri Lanka-based business house,” said Sanket Shah, CEO of AHS India.
Globally, 200 celebrities endorse the brand and of this 20 are cricketers, including Saurav Ganguly, Shane Warne, Graham Gooch and Michael Vaughan.

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