- 20 Jun 2022
- ICICIdirect Research
RIL LOOKING TO BUY OUT US BASED COSMETICS GIANT REVLON
RELIANCE - 2742 Change: -7.10 (-0.26 %)News: As per media reports , Reliance Industries ( Reliance Retail) is considering buying out Revlon Inc in the US, days after the cosmetics giant filed for bankruptcy
Views: Reliance Industries has been on a buying spree in the consumer segment with multiple acquisitions through its retail venture Reliance Retail. As per media reports, the company is now aiming to buy US cosmetics giant Revlon, which has filed for bankruptcy. If RIL is able to buy out Revlon inc it would enable it to strengthen its presence in the fast growing beauty and cosmetics segment and provide further impetus to its revenue growth. The beauty and cosmetics segment is expected to grow at a fast pace and has seen aggressive scale up plans from existing online ( Nykaa) and offline players ( Shoppers Stop, Arvind Fashions Sephora beauty format store)
Impact: Positive