Thursday, November 22, 2012
| 10:00:28 AM IST (+05:30 GMT)
0 Comments | 483 Views | Copyright: IANS
Wellness chain VLCC has acquired Malaysian-owned slimming and beauty operation, Wyann International, it was announced Thursday.
VLCC, which already has direct company-managed operations in nine countries across South Asia and the Middle East, has acquired a majority stake in the Kuala Lumpur-based company for an undisclosed amount, according to an official statement.
"We are very excited by this opportunity, which is not only significant as our first step beyond South Asia and the Middle East, but also as our first move to grow through acquisition," said Mukesh Luthra, chairman, VLCC Group.
"In Wyann International, we have found an excellent partner for growth, one that shares our focus on health, wellness and innovation and offers us access to an established network and loyal customer base. This acquisition is an excellent spring board for us to achieve an accelerated expansion in South East Asia," he added.
Wyann International owns and operates a chain of 22 slimming and beauty outlets across Malaysia.
Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.
Popular Channels :Star Plus | Zee TV | Sony TV | Colors TV | SAB TV | Life OK
Quick Links :Top 100 TV Celebrities | Top 100 Bollywood Celebs | About Us | Contact Us | Advertise | Forum Index