Marico | Pixr8 News

Marico has now fully acquired Beardo, a startup company which operates into the men’s grooming market, by buying 55 percent additional shares, a move which will help FMCG firm to extend its play into the segment. Marico has acquired the remaining 55 percent share of Zed Lifestyle, Beardo’s parent firm, in an all-cash deal, making a step-down company. Founded by Ashutosh Valani and Priyank Shah in 2015, Beardo is Shop for the complete range of Men grooming products for your hair, beard, mustache, skin & face. Shampoo, beard wash, beard oil, facial serum, face lotion etc. “The investment makes the investee company (Zed Lifestyle) a wholly-owned subsidiary of Marico Ltd and gives Marico a complete control over the operations of the investee company,” said Marico in a regulatory ...

FMCG firm Marico has appointed Myntra-Jabong CEO Ananth Narayanan on its board as an additional (Independent) Director. Narayanan's appointment is for a five year time and is subject to the approval of the shareholders at the upcoming annual general meeting. With Narayanan's appointment, Marico's board now has six independent directors besides chairman and non-executive director Harsh Mariwala, MD & CEO Saugata Gupta and two non- executive directors. Narayanan, a Masters from the University of Michigan in Industrial Engineering and Operations Research, is also on the Industry Advisory Board of the university's Tauber Institute. He started his career with Mckinsey & Company where he worked for 15 years. Narayanan joined Myntra as CEO in July 2015 and has led multiple strate...

Tag: Marico

Marico acquires Men’s Grooming startup Beardo

Myntra-Jabong CEO Ananth Narayanan Joins Marico’s board