Arvind Ltd to run the beauty chain Sephora

Arvind Limited, led by textile tycoon Sanjay Lalbhai, ties up with the French  cosmetics and beauty retailer, Sephora, owned by Moet Hennessy Louis Vuitton (LVMH), to run it’s Indian operations, bagging both the store and e-commerce rights. Sephora’s three stores in Delhi and one in Pune will be managed by Arvind Lifestyle Brands and further plans to expand 40 stores in the next five years. Sephora’s Global COO, Olivier Schaeffer reportedly said, “With around 200 stores in China, Seophora foresees similar market presence in India. The partnership with Arvind Ltd is to accelerate expansion plans in India.” Sephora offers a wide range of products spread across multiple categories, such as, cosmetic, skin care, fragrance, bath and body, and hair care. It is said to have 1,700 stores all across 31 countries.