Raymond has acquired Ansell’s stake in a joint venture (JV) entity known as JK Ansell. With this transaction, the Sexual Wellness and Personal care business will continue to remain in JK Ansell which will become a wholly owned subsidiary of JK Investo Trade (India) (JKIT). As per the proposed deal, JKIT sells its stake in the gloves business to Pacific Dunlop Holdings (Singapore).
This acquisition will pave the way for Raymond to further scale up the FMCG Business and unlock the immense potential of Brand KamaSutra globally. Raymond announced the formation of its FMCG group last year with a vision to be a player of choice amongst the new India, offering Premium products for Personal and Home Care categories.
Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world.
