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Emami to acquire 30% stake in Helios Lifestyle

Press Trust of India  |  New Delhi 

Homegrown FMCG major today announced to acquire 30 per cent stake in Helios Lifestyle, which owns male grooming brand 'The Man Company'.

The stake will be acquired by December 31, 2018 through infusion of required funds in Helios, the Kolkata-based company said in a statement.

The size of the deal was however not disclosed.

"The of stake by is significant as it marks the companys entry in the fast growing online male grooming segment," it said.

is present in the male grooming segment through its brands Fair and Handsome and HE.

"Rapidly growing male grooming portfolio supported by marketing & online sales is an emerging growth segment in the FMCG space," said Emami Director Harsha V Agarwal.

The Man Company offers premium men's grooming products in Bath & Body, Beard management, Shaving & Perfumes category and are sold online majorly through the company's own website

"Emami not only has very deep industry experience, but also believes in our vision to make The Man Company a global brand," said Rohit Chawla, co-founder, Helios Lifestyle.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 17:30 IST