Mumbai: Swedish-founded cosmetics company Oriflame is selling its manufacturing facilities in India to Akums Drugs and Pharmaceuticals for Rs 56 crore, joining the growing list of international brands scaling back their India operations. The deal marks Akums's entry into colour cosmetics manufacturing and its first push into the category since its 2024 listing.

The company's wholly-owned subsidiary, Pure and Cure Healthcare Pvt Ltd, has received board approval to acquire the manufacturing business of Oriflame India, Akums Drugs and…

Mumbai: Swedish-founded cosmetics company Oriflame is selling its manufacturing facilities in India to Akums Drugs and Pharmaceuticals for Rs 56 crore, joining the growing list of…