Marico’s arm acquires 75% share capital of Skinetiq
Pursuant to which, Skinetiq has become a subsidiary of MSEA and consequently, a subsidiary of the Company
Marico’s wholly owned subsidiary -- Marico South-East Asia Corporation (MSEA) has completed the acquisition of 75% of the total share capital of Skinetiq Joint Stock Company (Skinetiq), a company in Vietnam that owns the digital-first skincare brand 'Candid' and holds exclusive distribution rights in Vietnam for the brand 'Murad'. Pursuant to which, Skinetiq has become a subsidiary of MSEA and consequently, a subsidiary of the Company.
Earlier, MSEA had entered into definitive agreements to acquire 75% equity stake in Skinetiq.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space.
