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Arvind Brands & Retail Plans To Acquire Sephora's Operations In India

May 11, 2015: 12:00 AM EST
Arvind Brands & Retail is negotiating with LVMH Moet Hennessy Louis Vuitton for the rights to manage the French luxury company's beauty retailer Sephora in India. Currently managed by retail estate company DLF, Sephora's India operations include four stores in the country's National Capital Region and Pune and generated Rs 100-crore in revenue in the latest fiscal year. Arvind plans to expand Sephora's operations by opening up to 50 stores in the near future, according to reports.
Boby Kurian & Samidha Sharma, "Arvind to take over cosmetic brand Sephora’s India biz; prepares new plan for future", ETretail.com, May 11, 2015, © ETRetail.com
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