Who Owns Bestlady Cosmetics? Peter Njoroge Wealth and Business
Bestlady is considered a one-stop beauty shop and the leading cosmetic supermarket in Kenya attracting millions of Kenyan ladies who are looking to quench their beauty thirst. The beauty center has branches in almost all major towns and they have established themselves as the best sellers of wigs, weaves, braids extensions, lotions, makeup, and other amazing beauty products.
Almost 60% of women have used their products but despite this very few people know the tycoon behind this multi-million enterprise. In this article, we give more details about the little-known owner of the bestlady cosmetics supermarket, we will also highlight other businesses venture he/she is involved in.
Who Owns Bestlady Cosmetics?
The company was founded in 1998 by Peter Njoroge Karanja and Tecklah Magema Lenjo, trading under the name Bestlady. The two founded their headquarters in the Funzi Industrial area where they stayed for a decade.
In 2008, the company underwent a transition going from Bestlady to Bestly. On top of that, they also moved their headquarters from Funzi in the Industrial area all the way to Mombasa road.
After relocation, the company went on to spread its wings opening branches in different towns other than Nairobi. Despite the success of the company and massive transformation, the owner of the company has still maintained a low profile.
The Managing Director of the company serves as the head of the organization, then below him, there is the Administrative and Operations Director.
Peter Njoroge Karanja’s name came into the limelight a few years ago after he was linked to the murder of Tob Cohen. Before that, the businessman had sued Mombasa county for denying them the chance to use their long-time trademark colors on the wall.
This was after the Mombasa County government gave a directive for all the buildings within the town to be painted white. This directive could have denied them the right to use their bright pink colors. The businessman went on to win the case as the Mombasa High Court judge ruled in their favor.
- Nairobi, Riverroas opposite East Matt, and another one in Ronald Ngara Street
- Karatina, Kibaki Road
- Eldoret Town, Oloo Street
- Meru, Moi Avenue Street
- Nakuru, Mburu Gichua Road
- Mombasa, Digo Road opposite One Super martket
- Thika, Commercial Street, Opposite Thika Arcade
- Mtwapa, Mombasa Malindi highway
- Nyeri, Field Marshal Mutungi Road
- Maua, Basin Street
- Kitale, Kenyatta Avenue
- Bungoma Town, Moi Avenue next to Kenya Women Finance
- Machakos, Mbolu Malu Rd
- Kisii, UOR Building Ogembo Street
- Nanyuki Town, Kenyanja Building, Lumumba Rd.
Peter Karanja Wealth and Other Businesses
Peter Karanja is among the wealthiest persons in Kenya with a net value hitting over Ksh 900 million. However, aside from bestlady much is not known about his ventures in other sectors.