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Black Friday sales are catching up in India. Here’s why retailers are adopting the Western trend

Black Friday sales that fall on the last Friday of November is the beginning of the Christmas season in the US. The phenomenon is rapidly catching up in India with an increasing number of brands dishing out heavy discounts...

Nykaa chief financial officer Arvind Agarwal quits

Arvind Agarwal joined Nykaa from Amazon in July 2020 and is among key managerial personnel (KMP) who handled the initial public offer of the firm. New Delhi: FSN E-Commerce Ventures, which operates under the Nykaa brand name, on Tuesday said its...

As India’s beauty market heats up, L’Oreal global CEO, top teams of Estée Lauder, Coty, Nars come calling

The global beauty honchos are visiting to study India’s beauty and cosmetics market that is expected to swell to a Rs 2-trillion opportunity by 2025. MNCs are looking at India as a future growth engine New Delhi: As India’s beauty...

Canada’s pension fund CPPIB buys shares of Nykaa worth Rs 299 crore

CPPIB purchased a total of 1,70,81,850 Nykaa shares at an average price of Rs 175.25 apiece, taking the aggregate value to Rs 299.35 crore New Delhi: The Canada Pension Plan Investment Board (CPPIB) on Thursday bought over 1.70 crore shares of Nykaa’s parent...

TPG Growth IV SF offloads shares of Nykaa worth Rs 202 crore

TPG Growth IV SF sold a total of 1,08,43,050 shares in two tranches, amounting to 2.28 per cent stake in the company New Delhi: TPG Growth IV SF on Friday offloaded shares of Nykaa’s parent company FSN E-Commerce Ventures for Rs...

Nykaa’s Q2 net profit rises to Rs 5.19 crore

New Delhi: Beauty and fashion FSN E-Commerce Ventures, which operates under the Nykaa brand, on Tuesday posted a multi-fold increase in consolidated net profit at Rs 5.19 crore for the three months ended September. The company had posted a net profit...

Nykaa gets one step closer to the IPO, files DRHP: Report

Omnichannel beauty retail platform Nykaa has filed its draft red herring prospectus (DRHP) with market regulator SEBI to raise INR 4000 crore via initial public offering (IPO), according to a report. The DRHP did not mention the total size of...

Nykaa Fashion expands into Athleisure category with Nykd All Day

Nykd by Nykaa, the lingerie and sleepwear brand from Nykaa Fashion, announced the launch of Nykd All Day, a fashion sub-brand for women featuring Athleisure, Leisure, and Activewear. Through this expansion, the multi-brand fashion e-commerce platform aims to introduce clothing that focuses on...

Nykaa launches cult skincare brand Mario Badescu in India

Holiday season might be over but Nykaa has plans to reward skincare lovers all through the year. Country's leading beauty and fashion destination announces the launch of the cult skincare brand Mario Badescu in India, only at Nykaa in select stores and online. For the first time...

Nykaa Naturals branches out into a new category, launches hair care range

Nykaa has taken a step torwards giving its consumers a Natural Hair Care Range that not only cares for their mane but also addresses common hair concerns through ingredient led solutions. The new category is called Nykaa Naturals Hair,...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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