India, as a growing market, is attracting the attention of numerous top-notch brands from all over the world. The latest brand to realize the potential of the Indian market is Sephora, one of the leading beauty retailer brands in India. After having set up more than 500 stores all over Europe, USA and even China, the brand is now looking forwards to opening around 50 stores throughout the length and breadth of the country.
A subsidiary of luxury goods group Moët Hennessy Louis Vuitton (LVMH), the brand is also its largest unit of Selective Retailing Division. It has over has over 250 different brands in its portfolio of products, which comprise of skincare products, cosmetics and fragrances. Sephora is now eyeing the growing Indian economy as a market for its line of beauty stores. It is looking forward to tapping the great growth potential that the country presents.
The 50 stores that are planned to be launched by Sephora will be opened up over a period of five years. Moët Hennessy Louis Vuitton (LVMH) is already on the lookout to enter into partnership deals with some of the leading retail companies in India. Not only that, it is also exploring the potential to be tapped by creating a luxury retail business here. Whether the French-based firm manages to impress the Indian consumers or not is a question soon to be answered.
