Dubai-Based Huda Beauty Weighs Sale of Fragrance Division

By Yahoo! Finance | Sep 11, 2024 at 04:17 AM EST

Dubai's Huda Beauty is considering selling its perfume division, Kayali, with Goldman Sachs as adviser. Sale proceeds may fund a buyout of TSG Consumer Partners' stake and lead to brand independence. The beauty industry sees a surge in mergers and acquisitions amid rising global cosmetics spending.

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