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October 07, 2013

Deal Alert: Godrej Consumer to buy 30% stake in salon chain B:blunt

FMCG firm Godrej Consumer Products Ltd (GCPL) entered the hair salon segment with the acquisition of 30% stake in Mumbai-based premium hair salon chain B:Blunt Hair Dressing Pvt Ltd. B:Blunt hair salon chain in run by siblings Adhuna Bhabani Akhtar and Osh Bhabani.

Started in 2005, it has 17 outlets spread across Mumbai, New Delhi, Hyderabad, Pune, Indore Bangalore and Dubai. GCPL’s current hair care business is spread across the hair colour, hair dye, mehendi and hair oil products. 

Source: Press Release

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