L'Oreal to take majority stake in India's Innovist, pending regulatory nod
L'Oreal is set to acquire a majority stake in Indian beauty brand Innovist, signalling deeper global ambitions in India's fast-growing prestige and clean beauty market. The deal awaits regulatory approval and is expected to close soon.
L'Oreal plans to acquire a majority stake in Indian beauty company Innovist, pending regulatory approvals, with the deal expected to close soon.
Why this matters
Innovist, an Indian clean beauty player, becomes L'Oreal's latest local bet as global majors expand exposure to India's fast-growing prestige beauty segment via majority acquisitions rather than minority stakes.
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Also reported by
- The Hindu BusinessLine — 1h after first sighting