In a bid to own the Indian beauty market, Reliance Retail Ventures Limited (RRVL) has acquired the exclusive rights to Sephora’s India presence, The Business of Beauty has learned. As part of the partnership with LVMH-owned Sephora, Reliance Retail will take over the operations of Sephora’s 26 stores from Arvind Fashions Limited, and begin work to expand Sephora’s presence in the country.
Sephora originally entered India in 2012. By…