The transaction will see Reliance Retail compete with segment leaders Nykaa and the Tatas. Arvind Fashions held Sephora’s master franchisee rights in India
The country s leading retailer Reliance will acquire the beauty retail business of the Lalbhai family-promoted Arvind Fashion, expanding its play in the fast-growing Beauty and Personal Care (BPC) market.
Arvind Fashion on Friday said it has "entered into a Share Purchase Agreement (SPA) with
The country's leading retailer competes with brands like HUL's Lakme, Nykaa, Tata and LVMH's Sephora in India's growing beauty and personal care marketplace.