eliance Retail and Naturals Salon & Spa terminated their acquisition settlement citing disparities within the valuation of Naturals Salon & Spa.
CK Kumaravel, co-founder and CEO of Naturals Salon & Spa, speaks to businessline about why their latest cope with Reliance didn’t work out, the traits within the magnificence trade post-pandemic, and the corporate’s growth plan.
Concerning the potential acquisition by Reliance Retail, Kumaravel explains the explanations behind calling off the deal, citing variations in valuation and an absence of mutual curiosity. The main target is positioned on Naturals’ dedication to its present momentum, with the opening of quite a few salons and the launch of a brand new magnificence and retail idea known as Magnificence & Necessities.
Kumaravel highlights the emergence of a brand new pattern the place folks search specialised providers from magnificence specialists, shifting away from conventional generalists. The dialogue additionally touches upon the growth plans of Naturals, with the opening of salons in Dubai and different worldwide places.
Kumaravel emphasises the altering dynamics within the magnificence trade, with an elevated frequency of salon visits and an increase in common invoice values. The gig economic system is recognized as a major issue contributing to elevated employment alternatives and revenue ranges within the magnificence sector. The dialog additionally touches on the challenges confronted in the course of the Covid-19 pandemic and the following restoration of the trade. Pay attention in.
#wished #valuation #Reliance #Retail #didnt #Naturals #Salon #Spa #CEO #Kumaravel