Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 13 2019

Puig picks up stake in Kama Ayurveda

Puig will infuse Rs 100 crore into Kama Ayurveda to support its domestic and international expansion.

Puig picks up stake in Kama Ayurveda

Puig, Barcelona-based fashion and fragrance company, has marked its entry into India by picking a minority stake in Kama Ayurveda, India’s leading authentic ayurvedic brand of beauty and personal care products. Puig will infuse Rs 100 crore into Kama Ayurveda to support its domestic and international expansion, as well as have the option to further increase its stake in the years ahead.

The funds will be used by Kama Ayurveda for domestic and international expansion. The company will further be gaining access to Puig’s expertise and resources.

Marc Puig, Chairman and CEO, Puig, said, “This long-term alliance gives us the ability to further develop our focus on retail business worldwide and also to be present in a market with tremendous potential for beauty and personal care, as well as fragrances.”

“The partnership will enable us to offer Kama Ayurveda’s authentic Ayurvedic, plant-based, beauty and personal care products to a wide audience, a perspective that is in keeping with our commitment to sustainable, responsible business models. I wish to express my admiration for Vivek Sahni’s creativity and innovation in developing Kama Ayurveda, a brand which has deservedly earned the loyalty of India’s discerning beauty consumers,” he added.

Vivek Sahni, Co-founder and CEO, Kama Ayurveda, stated, “The ayurvedic beauty industry is on a fast-paced growth trajectory and this partnership with Puig will accelerate our growth both on the domestic front and globally. Puig has an impressive track record in building global brands and we look forward to their strategic support and guidance for our next leg of growth, as we, too, become a global brand.” 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Others Food Service
    About us: We have a wide variety of sandwiches to tackle..
    Locations looking for expansion Chhattisgarh
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Raipur Chhattisgarh
  • Quick Service Restaurants
    Momo-King is a Malaysia-based speciality momo brand, successfully operating a..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • About Us: Laundry| Dry Cleaning| Garment| Textile processing machinery manufacturer, OEN..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Burgrill stands for everything that defines a perfect meal...
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities