29-September-2022
Corporate News
 
India's Reliance Retail in talks for rights of beauty retailer Sephora
22-Sep-2022

Reliance Retail, run by Indian billionaire Mukesh Ambani's conglomerate Reliance Industries Ltd, is in advanced talks to get the rights for beauty retailer Sephora in India, the Mint newspaper reported on Wednesday, citing two people familiar with the matter. Sephora's operations will transfer from Arvind Fashions Ltd to Reliance Retail if an agreement is reached, according to the report. Reliance, Arvind Fashions and Sephora did not immediately respond to Reuters' requests for comment. Sephora, owned by French luxury goods group LVMH, has 25 stores in 13 cities in India with brands in categories such as cosmetics, fragrances, skincare, makeup and hair care, according to Arvind Fashions' annual report for the financial year 2021-22. (https://bityl.co/EcXx)

News Source:- https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/indias-reliance-retail-in-talks-for-rights-of-beauty-retailer-sephora/articleshow/94355949.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&ut