Sephora India Plans To Open More Stores In The Country

Sephora India plans to expand its store network in the country by opening 10-12 stores in the coming 15 months. At present, the beauty retailer, a joint venture between Sephora and Arvind Ltd., operates 13 company-owned retail branches in the country's metropolitan centers. India's beauty and grooming market, valued at $8 billion, is expanding at a compounded annual growth rate of 18 percent, with the premium segment growing at a faster rate of about 28 percent.