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Healthcare firm Cupid invests in Saudi luxury fragrance brand Mansam to expand globally.
Healthcare company Cupid has agreed to invest in Mansam, a Saudi Arabian luxury fragrance brand founded in 2022, through a fund managed by GII Investment Management.
The deal, aimed at expanding Cupid's global reach, highlights the growing Saudi perfume market, valued at over $6 billion, with luxury perfumes contributing over $2 billion.
This strategic move is expected to enhance Cupid's presence in the consumer segment.
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La firma de atención médica Cupid invierte en la marca de fragancias de lujo saudí Mansam para expandirse a nivel mundial.