Retail News Newsletter Columns Retail Jobs Dictionary Directory Calendar Policies Retail Edge Footprint

Home PageContact Us

JK Helene Curtis diluting stake
Posted On: 01-05-2014 00:00:00 14

JK Helene Curtis Ltd, the personal grooming and toiletries business owned by the Raymond Group is diluting its stake. According to reports in the media, Everstone Capital, is set to acquire 20-25% stake in the company. The deal size is expected to be Rs 150-160 crore.

The major brands of JK Helene Curtis include Park Avenue range of fragrances, body care solutions, shaving systems and hair care solutions, Premium range of room fresheners, and Eau de Cologne and Raymond range of fragrances. The Premium range will soon introduce car fresheners and a refrigerator freshener called Smell Well.

With assets under management of $2 billion, Everstone owns a stake in Faces Cosmetics, a Canada-based marketer of color cosmetics and skin-care products, and R&R Salons Private Limited, a Bangalore-based chain of women-only salons under the YLG (You Look Great) brand.

Raymond, promoted by industrialist Gautam Singhania, is taking various initiatives to reduce its debt worth Rs 1,500 crore. The Rs 5,000-crore company also plans to encash its land property in Thane, Mumbai and is in discussions with developers for a sale or joint development. It expects a valuation of Rs 1,500-1,800 crore for the land.

 
 
 

SocialTwist Tell-a-Friend

 

Want more stories delivered to your inbox?
Please sign up here for our free newsletter.

 
retail india Related News retail industry india
retail news videos on retail industries
Online retail store Jaypore raises Rs 30 crore in funding from Aavishkaar
Amazon buys 26% stake in Westland Books
Snapdeal looking at 10% stake in Zimmber
Burger King targets 50 outlets by year-end
Sharad Walia joins VF Brands as Brand Head Lee (India)
retail stores
retail policies
retail suppliers retail classes retail news
retail policies retail news retail india
retail training Current Newsletter retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training (FY 2015 - 16) 3rd Quarter Results retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training Search News retail industry
retail suppliers retail industry growth retail slowdown
latest retail news in your mail

retail industry



 
retail news
About Retail Angle   |  The Team  |  User Agreement   |  Privacy Policy  |  Advertise with Us  |  Feedback  |  Site Map  |  Contact us 
retail industry

indian retail