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  3. Sephora signs partnership with Reliance Retail Group to grow business i…

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

7 Nov 2023

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Key Takeaways

  • 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. 

  • 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. 

Reliance Retail

Reliance Retail

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Expert Analysis

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

Expert Analysis:

  • Reliance Retail Group (RRVL) has signed a new partnership with the US beauty retailer Sephora to boost its reach in India; the deal is estimated at around €11.1m.

  • RRVL has exclusive rights to build and enhance Sephora’s presence and manage the operations of Sephora’s 26 stores across 13 cities in India and plans to expand.

  • RRVL will take over Sephora’s current India operations from its previous partner of eight years, Arvind Fashions Limited.

Publisher:Cosmetics Business