GlamBox Middle East has been acquired by a group of Saudi investors for an undisclosed sum, according to a report published by Forbes Middle East.
The individual investors have not been identified, but have experience in media, retail and hospitality, according to a press release received by Forbes. The consortium intends to drive the company’s next phase of growth in Saudi Arabia, the GCC and beyond.
“We are excited about GlamBox’s next phase of growth and regional expansion. The KSA consortium which has acquired GlamBox brings a wealth of knowledge and experience, particularly in Saudi Arabia, the region’s largest beauty market,” said Matthieu Guinard, CEO of GlamBox Middle East.