Nykaa has incorporated a wholly-owned subsidiary in Saudi Arabia — Nysaa Trading LLC — as part of its broader plan to expand its market beyond domestic borders
The newly-incorporated subsidiary will retail women's will cosmetics, toiletry, beauty and hair care products, perfumes and beauty soap in the international and domestic markets
Earlier this year, Nykaa opened the first physical store under the Nysaa brand in Dubai, marking its foray into an international market
Beauty and fashion ecommerce major Nykaa has incorporated a wholly-owned subsidiary in Saudi Arabia — Nysaa Trading LLC — as part of its broader plan to expand its market beyond domestic borders.
In an exchange filing today (September 20), the company said that Nysaa Trading LLC is a wholly owned subsidiary of Nessa International Holdings, a step-down subsidiary of Nykaa’s parent FSN E-commerce Ventures.