InvestorQ : What is the deal that Nykaa has signed with the Dubai Apparel group?
Moii Chavate made post

What is the deal that Nykaa has signed with the Dubai Apparel group?

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Tisha Malhotra answered.
1 month ago
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Nykaa signed an alliance with Apparel Group of Dubai; a retail conglomerate. Nykaa will own 55% in the venture and expand presence in GCC. The financial details of the deal were not disclosed. Nykaa is betting on strong demand for its products in this quarter after inflation dented consumer spending in Q1.

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