×
163
Fashion Jobs
L'OREAL GROUP
Executive - Sales - Matrix - Cochin
Permanent · Kochi
SUBIR SINHA
General Manager Production Manager
Permanent · Kanpur
RIVAARA LABS
we Are Area Sales Manager Like You to Join Our Sales Team
Permanent · Nashik
CAPITAL PLACEMENT SERVICES
sr.Manager Production Grinding Machines For Vadodara Gujarat
Permanent · Vadodara
L'OREAL GROUP
Area Sales Manager - South Bengal
Permanent · Kolkata
FUTURES AND CAREERS
Job Requirement For "Assistant Production Manager"
Permanent · Renigunta
KEWAL KIRAN CLOTHING LTD
Area Sales Manager (Channel Sales) Rajasthan, Jaipur
Permanent · Jaipur
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager- Doorstep Gold Loan(Chennai)
Permanent · Chennai
HERO HOUSING FINANCE LIMITED
Area Sales Manager
Permanent · Thane
PROJOBS
Manager Accounts - Garment Manufacturing (Cma)
Permanent · Coimbatore
HECTOR AND STREAK CONSULTING PVT LTD
Production Manager- Diagnostic Portfolio
Permanent · Mumbai
ELITE DECOR PVT LTD
Production Manager & Production Supervisor
Permanent · Vadodara
L'OREAL GROUP
Sales Executive - Professional Division - Bhopal
Permanent · Bhopal
L'OREAL GROUP
Executive - Sales Cpd - Bhatinda (n)
Permanent · Bathinda
L'OREAL GROUP
Sales Executive - Cpd - Bhatinda
Permanent · Bathinda
L'OREAL GROUP
Area Sales Manager, Cpd - Chandigarh
Permanent · Chandigarh
HEALTHKART
Area Sales Manager- Healthkart - Lucknow, Agra, Gwalior
Permanent · Lucknow
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Lighting Retail Sales (Rajkot)
Permanent · Rajkot
ELECTRONICA FINANCE LTD
Area Sales Manager - Bangalore Machinery Loan
Permanent · Bengaluru
NANDANI CREATION LTD
Production Manager
Permanent · Jaipur
ELECTRONICA FINANCE LTD
Area Sales Manager - Kolhapur Machinery Loan
Permanent · Kolhapur
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
Published
Mar 12, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

KKR & Co bids for majority stake in Fogg owner Vini Cosmetics

Published
Mar 12, 2021

Private equity business KKR & Co is bidding to acquire a majority stake in Vini Cosmetics, manufacturer of Fogg deodorants, and could acquire up to a 53% stake. 

Vini Cosmetics' brand is a leader in the Indian men's deodorant market - Fogg- Facebook

 
As Vini Cosmetics plans to begin the next phase of its growth ambitions, the business is looking at a valuation of Rs 8,500 crore ($1.3 billion) in its latest investment round. 

“While [the promoters] are looking to sell around 30% shareholding, [investor] Sequoia Capital is expected to dilute its 17% ownership fully,” a source told the Economic Times. “As for WestBridge, it is not ready to pare its ownership.”

A potential roadblock to the KKR & Co deal could be that current investor WestBridge is also likely to increase its stake in Vini Cosmetics. “In fact, it [WestBridge] is likely to buy more stake,” said the Economic Times source.

“It wants to purchase shares held by the promoters and Sequoia, as it has the first right to do that, as per the terms of the shareholders’ agreement.”
 
Vini Cosmetics is currently 60% owned by its founder brothers Darshan and Dipam Patel. The business’ main brand is Fogg, which makes up around 80% of its total sales. The business also owns brands including face powder White Tone and cream Glam Up.

Copyright © 2021 FashionNetwork.com All rights reserved.