KOLKATA: Emami Ltd has entered into an agreement for strategic investment in Brillare Science through compulsory convertible preference shares which on conversion will result in 26% equity stake in Brillare basis the achievement of agreed future performance of the company. With this, Emami enters the professional salon segment.Brillare owns premium hair and skin care portfolio for use in professional salons. All the products are based on natural ingredients. Jigar Patel , founder and CEO, Brillare said Emami with its strong business insight and deep industry experience is a perfect partner to help accelerate growth and take it to the next level. This trend to appear well groomed has led to the growth of the professional spa and salon industry.

Source: Economic Times February 05, 2018 10:18 UTC