Sephora Partners with Reliance Retail to Accelerate India Expansion
04 November 2023, Mumbai
Sephora, the world's leading omni-channel prestige beauty retailer, has partnered with Reliance Retail, India's largest retailer, to accelerate its expansion in the country.
The partnership gives Reliance Retail exclusive rights to build and enhance Sephora's presence in India across channels.
Nuanced picture
The Indian beauty and personal care market is pegged at USD 17 billion and is set to grow at a CAGR of 11%, positioning India as one of the largest untapped consumer markets globally. Sephora, with its unique brand and product curation capabilities, is well-positioned to cater to the growing beauty needs of India's vast consumer base.
Synergies
Reliance Retail, with its deep consumer insights and unparalleled customer access, both offline and digitally, is the ideal partner to help Sephora achieve its growth ambitions in India.
The partnership will also help Reliance Retail strengthen its portfolio of offerings in the beauty and personal care segments.
The partnership is a win-win for both companies and is poised to elevate the beauty retail landscape in India.
