Thakral’s investment in Glow Topco includes ordinary shares and preference shares in Glow Topco as well as interest-bearing loan notes issued by a wholly-owned subsidiary of Glow Topco. In consideration for its investment, Thakral will transfer its 50% stake in CB At-Home Beauty Holdings (CBT), the joint venture company that Thakral jointly set up with CB, and invest a further cash amount.
On June 22, Thakral Corporation (SGX:AWI
) announced it has invested in a 10% stake in Project Glow Topco, the parent company of its joint venture partner UK-based CurrentBody.com.
CurrentBody (CB) is a platform for at-home beauty devices that operates more than 20 in-country e-commerce retail stores (www.currentbody.com). CurrentBody’s CB Skin LED mask is worn by Lily Colins in the most recent season of “Emily in Paris” and trended at the Oscars. CurrentBody's Skin brand has also expanded to include products that address consumers’ eye, lip, or hair growth concerns.
