Top FMCG player Hindustan Unilever Limited (HUL) will be acquiring 90.5% stake in premium beauty brand Minimalist at a pre-money enterprise value of Rs 2,955 crore. The balance 9.5% will be ...
Hindustan Unilever has agreed to acquire beauty startup Minimalist for about $342 million, as the consumer goods giant seeks to expand in India’s fast-growing premium skincare market.
HUL Minimalist acquisition: ET first reported on January 3 that the deal was in the works. Founders Mohit Yadav and Rahul Yadav will continue to lead the business for two years. The Rs 2,955-crore ...
Five-year-old D2C brand Minimalist has been acquired by FMCG giant Hindustan Unilever at a valuation of Rs. 3,200 crore after HUL acquired a 90.5 percent stake in the business for Rs. 2,955 crore.
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