Nykaa announced a joint venture with Dubai-based Apparel Group. It is a global fashion and lifestyle retail conglomerate. The alliance will create an omni-channel multi retail brand in the middle east. Nykaa will hold 55% stake in the new entity and Apparel Group 45% stake. Nykaa said it will bring its proven expertise to the alliance. It will leverage the Apparel Group’s robust retail infrastructure network and deep market relationships.
Nykaa enters into a JV
Nykaa enters into a JV with fashion retailer Apparel Group
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