Also picks up stakes in Nudge Wellness and Kica
Beauty, wellness industry sees huge increase in openings in the March quarter; highest momentum in logistics, IT
FSN E-Commerce Ventures Ltd, which runs Nykaa, had posted about 57 per cent decline in consolidated profit after tax to Rs 29 crore in the third quarter
Deal value not disclosed. With it, ENN Beauty will be able to leverage a digital audience of over 50 mn as it ramps up its retail presence to over 100 outlets by next fiscal
Beauty conglomerate Good Glamm Group has invested Rs 200 crore seed capital in the new creator platform called Good Creator Co.
The top-up was led by marquee global venture capital firm Accel along with existing investors
This is being driven by beauty and personal care areas
Growth at brands like Nykaa, MyGlamm, Sugar Cosmetics and Beardo has picked up, with recovery being stronger going into 2021
Beauty, Nykaa's founder Falguni Nayar realised, is a very long-tailed business and with e-commerce picking up in India, it seemed like a good idea to venture into
Proposition for the men's grooming products has been changed from 'fairness' to 'radiance', relaunch comes months after Emami locked horns with HUL over the use of 'Glow & Handsome' brand name
Hair and beauty salon chain Enrich has put on hold its store expansion plan for the year due to the coronavirus pandemic, and expects to close the ongoing fiscal with around 22-25% fall in revenue
Their arsenal of natural serums, toners, masks and mists has shifted consumer focus from makeup to skin health
Estimated at Rs 5,000 crore in size and used by both men and women in India, the fairness category for years has been criticised for promoting gender discrimination
Trend comes as a surprise as consumers remain cautious of spending
CEO Falguni Nayar says in an interview to Viveat Susan Pinto that consumers continue to focus on essentials
Arvind Fashions, Sephora's master franchisee for India, looks to build its brand portfolio
Amway is investing in its online platform, which the company believes will get up to 40 to 50 per cent of sales in the coming years
Lakme, Biotique and online retailers Nykaa, Flipkart learn to speak in many tongues, hope to appeal to first-time users on digital media
A number of organic and natural beauty products are seeking premium tag, but how do they win consumer trust?