Marico buys skincare business in Singapore

Marico buys skincare business in Singapore

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, an FMCG major recently announced the acquisition of the aesthetic skincare Singapore-based company . This acquisition provides Kaya, ’s skincare arm, an access to an advanced range of skincare products and a strong sourcing network including suppliers of products from developed nations. Derma Rx operates three centers in Singapore and one in Kuala Lumpur and has a customer- base of about 37,000, generating a turnover of about Rs.50 crore.

Derma Rx’s founders Dr S K Tan and will continue to be engaged in the business for the next three years to provide Kaya the expertise and technical know-how in aesthetic solutions. Besides establishing itself in the South East Asian region, Marico plans to introduce Derma products at Kaya clinics in India and the Middle East.