NEW DELHI — Indian beauty firm VLCC Group has acquired Singapore-based Global Vantage Innovative Group for an undisclosed sum.
VLCC is a large player in the beauty and wellness market in India, with a line of skin-care products that has more than 200 stockkeeping units and retails in 75,000 outlets. The company had sales of $114 million in the year ended March 31 and has been growing fast in the personal care segment. Analysts estimated the Global Vantage deal was worth about $25 million and financed by debt and internal accruals.
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