India: Nykaa acquires stake in D2C skincare brand Aminu
Indian beauty retailer Nykaa, via its parent company FSN E-Commerce Ventures, has approved the purchase of a 51% majority stake in direct-to-consumer skincare brand Aminu for a cash consideration of up to Rs 32 crore ($3.8 million). The transaction, structured on a fully diluted basis, is expected to complete by 15th September, with Nykaa planning […]