News

Stores

Staff Reporter

, India

Published:

1 year ago

Logo from VLCC.

Carlyle buys majority take in India-based skincare, beauty firm

It will support the business growth and brand building of VLCC.

Global investment firm Carlyle has acquired a majority stake in India’s skincare, beauty and wellness firm VLCC, supporting the acceleration of the company’s growth.

In a statement, Amit Jain, Managing Director and Co-Head of Carlyle India Advisors, said they plan to invest in VLCC’s brand building, product expansions, and scaling of its pan-India digital, and e-commerce distribution channels.

VLCC’s founders will still hold a significant stake in the company.

VLCC, founded by Vandana and Mukesh Luthra in 1989, offers a range of branded skincare and beauty products in its physical stores and digital channels.

It is also providing aesthetic dermal treatments and weight management services in 210 retail clinics across 118 cities and 11 countries in South Asia, the Middle East and Africa. It also operates 100 development institutes in India, providing vocational training in the beauty and wellness sector.

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