The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The investment firm has agreed to acquire a controlling stake in Indian personal care and beauty retailer Vini Cosmetics for 46 billion rupees ($625 million).
Founded in 2010, and still led by the company’s founders, Darshan and Dipam Patel, Vini produces branded deodorants, cosmetics and toiletries under its flagship brand, Fogg, as well as several others.
The company’s distribution network includes 700,000 points of sale, 3,000 dealers and 1,200 sales personnel in India. It also has a significant presence in South Asia and the Middle East.
Following the transaction, the company’s co-founders will continue to hold stakes in Vini and collaborate with KKR to focus on growth.
This week’s round-up of global markets fashion business news also features Korean shopping app Ably, Kenya’s second-hand clothing trade and the EU’s bid to curb forced labour in Chinese cotton.
From Viviano Sue to Soshi Otsuki, a new generation of Tokyo-based designers are preparing to make their international breakthrough.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.