Sephora signs partnership with Reliance Retail Group to grow business in India

Growth: 18,650 stores and digital commerce platforms in India across grocery, consumer electronics, pharma, and fashion and lifestyle groups reported a turnover of $31.7bn for the year ended 31 March 2023.

Merger Goal: Alia Gogi said increasing urbanization and the proliferation of social media have driven greater awareness of self-care and beauty; V Subramaniam commented that a new generation is propelling the Indian beauty market.

Opportunities: Other companies such as Shiseido and Estée Lauder also play for India’s prestige beauty market. The Japanese conglomerate  Appointed its first Indian ambassador, Bollywood star Tamannaah Bhatia.