Middle East Push: Now, Nykaa Incorporates New Subsidiary In Saudi Arabia

Middle East Push: Now, Nykaa Incorporates New Subsidiary In Saudi Arabia

SUMMARY

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.

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