Shahnaz Husain Group May Raise PE Funds For Expansion
by Ahemad Shaikh
Shahnaz Husain Group is planning to raise around R200 Cr PE funds and is in talks with several international PE firms.
The company is raising these funds to expand training centres and beauty salons across the world and to launch a chain of coffee and books shops under 'StarStruck' brand. The company also plans to retail gift items under 'Shahnaz with Love' label.
The company is also looking for a strategic partner for its new coffee and books shop.
Founded in 1970 by Shahnaz Husain, the company is in the field of natural beauty and anti-aging treatments. Vertically Integrated - the group has activities as diverse as beauty training institutes, growing of its own herbs to manufacturing of its cosmetics line to retail to specialized treatments through its chain of over 200 beauty centers worldwide.