Reliance Retail eyeing acquisition of India franchise rights of cosmetics brand Sephora
As per media reports, Reliance Retail is planning to acquire the India franchisee business of Sephora from Arvind Fashions.
Beauty and cosmetics is a fast growing category and players like Shoppers Stop and Westside have plans to expand their presence in the segment. Also, many online first brands Sugar, Plum and Massaba (in collaboration with Nykaa) have entered the segment to benefit from the growing demand for cosmetics and make up in the Indian market. If Reliance Retail is able to secure the India franchise rights of Sephora , it would be able to enhance its presence in the fast growing beauty segment and generate incremental revenues and diversify its overall revenue pie.