Nykaa Datalabs has announced a major restructuring of its business verticals. On Wednesday, May 22, the company’s board approved the acquisition of the western wear and accessories business of Nykaa Fashion Limited by parent FSN E-Commerce for a cash consideration of INR 133.7 Cr.

In a regulatory filing with the BSE, Nykaa stated, “We wish to inform that the Board has approved to acquire the western wear and accessories business of Nykaa Fashion Limited… as a going concern on a slump sale basis, in accordance with the business transfer agreement to be entered between the company and the transferor company.”

The move to transfer the western wear and accessories business to Nykaa Limited aligns with Nykaa’s strategy to streamline and consolidate its owned brands under a single entity. The deal is expected to be completed by September 2024.

Additionally, Nykaa's board has approved the merger of its content delivery arm, Little Black Book (LBB), with Nykaa Fashion. Initially, Nykaa announced the transfer of its 100% stake in LBB’s parent company, Iluminar Media, to Nykaa Fashion. Following this, the board gave its in-principle approval to merge LBB with Nykaa Fashion. The transfer of stake is anticipated to be completed by December 2024.