Thursday, February 22, 2007

Sephora coming to India

Some exciting retail news in the beauty industry. It's quite a coincidence how I had written a post earlier today about how its not possible to buy foreign beauty products in stores here and the only way to get them is on by ordering online. Well, one of the most famous beauty line, Sephora will be opening stores in India where it will be setting up 50 stores over the next five years. The company will be setting up stores in partnerships, which its parent company LVMH will be discussing. Louis Vuitton Moet Hennesy already sees India as one of the most promising markets for luxury goods, although the market is characterized by a lack of environments to market these luxury goods. At present most luxury stores are located in five star hotels and LVMH is trying to change the concept.

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