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The acquisition of Candere will make Kalyan Jewellers presence felt in the online jewelry segment.
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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.
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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.
Source: http://bit.ly/2qjgQfR
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