, India

KKR buys stake in India’s Vini Cosmetics for $625m

The beauty brand has 700,000 points of sales in the country.

Global investment firm KKR is buying a majority stake in India-based beauty products company Vini Cosmetics, from the company’s founder group and Sequoia Capital, for about $625m (INR46b), according to a press release.

The co-founders of the beauty brand will continue to hold a significant stake in Vini and collaborate with KKR. Existing investor WestBridge Capital will acquire a further stake from the Founder Group to ramp up its shareholding in Vini.

Founded in 2010, Vini boasts 700,000 points of sale and 3,000 dealers, with a sales force of 1,200 people. Its products are also sold internationally through a network of general trade and modern trade channels covering 50 countries mainly in South Asia and the Middle East.

The transaction is expected to close in July 2021, subject to customary closing conditions.
 

Follow the link s for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India’s e-commerce market to reach $147.3b in 2024
It will be driven by the expanding internet penetration and better digital payment infrastructure.
E-commerce
Food colors market to reach $5.42b by 2031
Still, the market growth is constrained by strict regulations.

Exclusives

Brands told to come clean about beauty care
Consumers are more discerning and can easily spot fake ingredient claims.
Swarovski cracks TikTok to scale luxury amongst Gen Zs
The Austrian glassmaker is working with influencers to connect with the Singaporean market.
Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.
Decathlon gets closer to hybrid Singaporean shoppers through pick-up service
The world’s largest sporting goods retailer lets clients pick up online orders on the go.Decathlon is building on the success of its pick-up service in Singapore as it progresses toward its target of having 37 locations in the city-state in the next two years, its top official said.