India's Nykaa and Dubai's Apparel Group join hands for Gulf expansion

India's Nykaa and Dubai's Apparel Group join hands for Gulf expansion

Photo: Nykaa

Indian cosmetics and fashion retailer Nykaa and Dubai-based lifestyle and fashion conglomerate Apparel Group have struck an alliance to expand in the Gulf region, the companies said on Thursday.

With the agreement, Nykaa hopes to grow in a region where it sees high demand for beauty products, months after inflationary pressures in India led it to report to a “subdued season” in the three months ended June.

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