Home Retail HUL to license Lakme and Lever Ayush brands to Lakme Lever

    HUL to license Lakme and Lever Ayush brands to Lakme Lever

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    (HUL), country’s leading FMCG and wellness product manufacturer, has decided to license two of its most popular brands Lakme and Lever to its subsidiary . The board of directors of the company has approved the decision, according to a company press release.

    Hindustan Unilever posts 11.54 per cent rise in standalone net profit
    The company had a net profit of Rs 982.17 crore in the July-September quarter of 2015-16

    As part of this development, Lakme Lever will evaluate options towards developing a uniquely different business model for opportunity with singularity of purpose and dedicated focus, adds the release.

    HUL produces over 20 product categories including home and personal care and food and beverages and sells largely through a franchisee network of salons and therapy centres. With this development, HUL will not be directly involved in the services business of and Ayush therapy centres.

    — IndiaRetailing Bureau