RRVL acquires controlling stake in Insight Cosmetics
By MYBRANDBOOK
Reliance Retail Ventures Ltd (RRVL) has bought a controlling stake in makeup and personal care brand Insight Cosmetics. It is reported that the deal was valued at $10-15 million.
The deal is in line with the strategy of RRVL to expand its beauty and personal care business, mostly through acquisitions. RRVL has primarily focused on brands in the apparel, footwear, beauty and personal care categories in the fashion and lifestyle segment. RRVL is also planning to open 400-450 large format stores for retailing the acquired brands.
Insight Cosmetics claims to have a distribution presence in 20 states and its products are sold at over 12,000 retail and novelty stores nationwide. The company retails its products through more than 10 e-commerce portals.
The company has over 350 stock keeping units and mainly sells nail paints, lip shades, mascara, eyeliner, eyeshadow, foundation, concealer, lip gloss and makeup brushes among the products. It also retails its products through more than 10 e-commerce portals.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : PRATIVA MOHAPATRA
Prativa is a transformational leader with an incredible breadth of exp...
Icons Of India : MADHABI PURI BUCH
Madhabi Puri Buch is the first-female chairperson of India’s markets...
Icons Of India : AMIT CHADHA
Amit Chadha serves as the CEO and Managing Director of L&T Technology ...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
NSE - National Stock Exchange
NSE is the leading stock exchange in India....
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Anirudh Devgan , President, Cadence Design
Anirudh Devgan, the Global President and CEO of Cadence Design Systems...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...