Acquisiton
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Franchise India Bureau Sep 29 2017 - 1 min readIn a bid to expand its reach in the beauty segment, JCB Salons Pvt. Ltd. has taken over two companies hair solutions specialist Trica Hair Clinic and home service brand The Home Salon. The Mumbai-based firm, JCB Salons is a joint venture of Asit Koticha and Rakesh Jhunjhunwala, with Koticha holding the majority stakes in ...
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Franchise India Bureau Sep 29 2017 - 1 min readMarico acquired 45% stake in Zed Lifestyle, a male grooming firm for an undisclosed sum in an effort to widen its portfolio with niche and high margin products. The maker of Parachute hair oil said the stake will be bought over a period of two years, through primary infusion and secondary buy-outs.In a statement Marico said, ...
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Franchise India Bureau Sep 29 2017 - 1 min readHomegrown beauty and wellness company VLCC has acquired on-demand beauty service provider VanityCube.This is the second acquisition by the Delhi-based company this month. It also acquired WellScience Health in April 2017.Delhi-based VanityCube operates as a B2B & B2C on demand beauty services platform. While the B2C model caters only to women and provides basic services ...
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Franchise India Bureau Sep 29 2017 - 1 min readFrench cosmetics and luxury goods group, L'Oreal has started talks to sell its The Body Shop business to Brazilian make-up company, Natura Cosmeticos in a possible 1 billion euros ($1.1 billion) deal.L'Oreal said that Natura, Brazil's biggest cosmetics company, has made a firm offer that values The Body Shop at an enterprise value of 1 ...