The acquisition of Candere will make Kalyan Jewellers presence felt in the online jewelry segment.
This is Kalyan Jewellers 1st strategic, a move in search of aggressive growth plans, both organically and inorganically. Candere was established in 2013 and sells jewelry online in India, US and UK.
This acquisition will help Kalyan Jewellers establish a strong presence in the e-commerce segment to go with its retail presence. This acquisition will help Kalyan become a global Indian brand as it can leverage Candere’s customers in UK and US.
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