Hindustan Unilever Rumored to Acquire Minimalist
Hindustan Unilever is rumoured to be close to a deal to acquire Minimalist for around Rs 3,000 crore. The skincare brand is backed by Unilever Ventures and Sequoia Capital India, and founders Mohit and Rahul Yadav are expected to retain a stake in the company.
According to a report by Business Standard, people familiar with the matter said the two sides are in advanced talks and expect to seal a deal by the end of this quarter. The brand reported revenue of Rs 347.4 crore in FY2024, with profit after tax more than doubling to Rs 108 crore.
A HUL spokesperson told Business Standard, "As per our business strategy, we continuously evaluate various strategic opportunities for growth and expansion of our business. Whenever there is any material development that requires disclosure under applicable laws, we do so."
You May Interested In
Glow70/KLOW80 99% China Peptides Warehouse Direct Delivery Lyophilized Powder in Stock
$1.8E+2/UNIT FOB
2026-08-15
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Unilever India to AcquirePremium Beauty Brand Minimalist
-
Avery Dennison to Acquire Meridian’s Flooring Adhesives Business for $390 Million
-
BASF Sells Oil & Gas Unit, Shifts Strategy with Major Investments
-
BASF’s Big Restructuring: Cuts and Divestments on One Hand, Billion-Euro Investments on the Other
-
Shengquan Group H1 Profit Jumps 51 Percent Revenue Hits 5.35 Billion Yuan AI and EV Boom Drive New Materials Surge
-
Lanxess Q2 Profit Slides 17 Percent Sales Down 12.6 Percent as Global Slowdown Bites
-
Chugoku Paints Completes Second Acquisition of 2025, Strengthening its European Foothold
-
Sinopec Launches Dual Supercomputing Centers to Power Industry Innovation and Boost Tech Efficiency
-
Yangfan New Material’s Controller Under Investigation by Authorities
-
Kansai Paint Announces 5%–20% Price Hike Amid Cost Pressures
Recommend Reading
-
Jotun and CSSC South China Partner on Offshore & Industrial Coatings
-
Kuraray H1 Net Profit Plunges 54 Percent Sales Fall to 399.96 Billion Yen Price Hikes Announced for GENESTAR
-
Wanhua Chemical Boosts TDI Capacity to 1.44 Million Tons New 360000-Ton Plant Launches Amid Global Maintenance Cycle
-
BASF Signs New Robotics Materials MoU with Fourier to Accelerate Plastics Innovation
-
Covestro Acquires HDI Sites in US and Thailand to Expand Footprint
-
MTBE Market Trend Shows Significant Decline in China
-
Increased Cost-Side Support Drives Up Prices of Polyester Staple Fiber
-
Fundamentals Improve Temporarily, PTA Prices Rise Slightly
-
In August, China's propylene oxide market showed a trend of first declining then rising
-
The eighth round of spot price increases for coke has been fully implemented, with major Chinese steel mills raising coke prices