FRANCE HEADQUARTERED YKONE ACQUIRES 70% STAKE IN MUMBAI-BASED BARCODE.

Paris, March 19 2024 - YKONE, leading international influencer marketing agency, has announced the acquisition of 70% of the Indian agency Barcode, a content & influencer marketing agency. With this strategic move and by combining the strengths of both companies, YKONE has positioned itself as a worldwide leader in Influencer Marketing with a turnover of close to $100 million

YKONE CONTINUES TO PURSUE ITS INTERNATIONAL GROWTH

Founded in 2008, YKONE first launched with their headquarters in Paris and is now implanted in 18 of the world’s most important cities, from Hong Kong to Dubai to Milan. Over the past decade, the agency has established itself as the international leader in influencer marketing, pioneering the industry and pursuing increasingly ambitious campaigns for brands in the luxury, beauty, fashion and travel sectors, and more recently in the FMCG market.

Hugo Boss, Chopard, Prada, Estée Lauder, Ferragamo, Nespresso are amongst the 100+ iconic brands that trust YKONE to connect with their audience through impactful stories and content on social media. YKONE offers all-encompassing influencer marketing and social media solutions to provide a seamless experience to their clients.

THE ACQUISITION OF BARCODE AGENCY

After early and successful influencer marketing campaigns involving some of India's biggest stars, such as Deepika Padukone for Chopard and Priyanka Chopra for Experience Abu Dhabi, YKONE's acquisition of Barcode is a strategic move that aligns with the growing opportunities in the Indian influencer market. India’s luxury market is expected to be one of the fastest-growing markets in the world. A Bain & Co report even suggests that by 2030, the luxury market in India could reach a staggering $200 billion. With India's massive social media audience of over 500 million people, the acquisition creates a platform for brands and creators to be part of the next big global journey.

The talent management branch of Barcode, known as "CLICK MEDIA," represents more than 20 famous Indian influencers and actors such as Rohit Zinjurke (30 million followers) and Karishma Sharma (2,2 million followers). This adds significant value to YKONE's portfolio and enhances their ability to connect brands with high-profile influencers in the Indian market.

YKONE's decision to remain independent and carve its own path in the influencer marketing and social media industry sets it apart from social media marketing agencies that are often absorbed by larger advertising groups. By staying independent, YKONE can maintain its agility, focus on innovation, and establish itself as a worldwide leader in the field. The acquisition of Barcode further strengthens YKONE's position, with a turnover of $100 million and a workforce of over 300 employees. This consolidation of resources and expertise positions YKONE for continued growth and success in the influencer marketing and social media worldwide landscape.

Olivier Billon, Founder and CEO of YKONE, stated: "The acquisition of Barcode Agency is a significant step for YKONE and its international expansion. YKONE already had a presence in India with an office in Bangalore since 2017. With the addition of Barcode's operations in India, YKONE's reach in the country and the broader Asia-Pacific region expands even further."

Rahul Khanna, Barcode’s CEO, stated: “We express our heartfelt appreciation to our customers and collaborators in India. This acquisition empowers us to provide worldwide services to our Indianclientele while simultaneously promoting India's unique narrative globally. We are very proud to join forces YKONE's talented teams. My ambition with Olivier is to achieve worldwide supremacy in the field of Influencer Marketing.

We are happy to introduce ‘CAMPAYGN’ to the Indian market. This innovative tool shall help fill the gap of Indian customers planning their content & social commerce strategy with Barcode and YKONE.”

With this move both YKONE and Barcode can leverage their respective strengths, resources, and expertise to seize new business opportunities and adapt to the evolving developments in the international influencer marketing landscape.

(This is a press release by BarCode that YourStory has published. YourStory is not responsible for any statements or claims made in the above article. )