ACQUISITION NATIONAL
MUMBAI, MAHARASHTRA, INDIA
By IFAB MEDIA - NEWS BUREAU - September 26, 2024 | 165 2 minutes read
Hair care brand Beauty Garage Professional has officially announced the complete acquisition of Gofab Genesis LLP, including its brand, product lines, and manufacturing facilities. The acquisition was revealed in a press release on Tuesday, signaling a major development for Beauty Garage Professional as it seeks to strengthen its presence in the premium salon segment.
With this acquisition, Beauty Garage Professional anticipates significant growth in market share, particularly within the premium salon industry, as it expands its product offerings and manufacturing capabilities.
Mahesh Ravaria, co-founder and CEO of Beauty Garage Professional, shared his thoughts on the acquisition: “This acquisition not only enhances our product portfolio but also positions us as a leader in the premium salon segment. By integrating Gofab Genesis’ expertise and innovative products, we are confident in achieving our targeted revenue of Rs 100 crore in the coming year.”
The integration of Gofab Genesis into Beauty Garage Professional’s portfolio is expected to bring new opportunities for both brands, with a focus on innovation and expansion in the competitive hair care market.