Shoppers Stop Limited — JV/Acquisition, 05-05-2026: Acquisition

Shoppers Stop is investing an additional **Rs. 40 Cr** into its wholly-owned beauty subsidiary, Global SS Beauty Brands Limited (GSSBBL). This capital injection, via preference shares, aims to fuel GSSBBL's ambitious expansion plans and bolster its working capital. GSSBBL, a key player in wholesale and retail beauty, is focused on redefining India's beauty experience through premium brands, immersive stores, and digital strategies. The subsidiary has demonstrated strong growth, reporting a turnover of **Rs. 220.02 Cr** in FY25, underscoring its strategic importance for Shoppers Stop's portfolio enhancement.