FSN E-Commerce Ventures shines on inking pact with Aveda
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FSN E-Commerce Ventures is currently trading at Rs. 1852.10, up by 57.05 points or 3.18% from its previous closing of Rs. 1795.05 on the BSE.
The scrip opened at Rs. 1829.95 and has touched a high and low of Rs. 1869.55 and Rs. 1826.25 respectively. So far 2236 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 2574.00 on 26-Nov-2021 and a 52 week low of Rs. 1218.80 on 22-Feb-2022.
Last one week high and low of the scrip stood at Rs. 1869.55 and Rs. 1776.05 respectively. The current market cap of the company is Rs. 85104.20 crore.
The promoters holding in the company stood at 52.43%, while Institutions and Non-Institutions held 9.10% and 38.47% respectively.
FSN E-Commerce Ventures (Nykaa) has partnered with Aveda, the global leader in prestige hair care to launch Aveda X Nykaa. A truly elevated salon offering, the first Aveda X Nykaa opens doors in the garden city of India - Bengaluru. With this opening, Aveda is all set to bring its international hair offerings to Indian consumers, now strengthened by Nykaa’s Indian beauty expertise and deep market knowledge.
Tapping into this market, ELCA Cosmetics and FSN Brands Marketing (a material subsidiary of FSN E-Commerce Ventures), have tied-up to enter the professional, luxury hair care space, building brand awareness and authority. The salons aim to set new industry standards by building and expanding Aveda’s exclusive network of salons, while leveraging Nykaa’s retail prowess and understanding of the Indian consumer. The salons will be a one-stop shop in the form of a unisex lifestyle salon, providing 100% vegan premium Hair services - Color, haircut styling and haircare along with exclusive rejuvenating rituals.
FSN E-Commerce Ventures (Nykaa) is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured by it.
