Before Diwali, Mukesh Ambani gave a big gift to Isha, bought this big company

Sephora has been in India for more than a decade. At present, Sephora has 26 stores in 13 cities of the country. Unless Sephora stores are completely in the hands of Reliance. Then all Sephora stores will remain operational and do their business as before.

Mukesh Ambani has given a big gift to his daughter Isha Ambani for Diwali. In fact, Mukesh Ambani has bought the Sephora India business of the world's second richest man Arnault Bernard and handed it over to his daughter. This deal has been done for Rs 99 crore after the exit of Arvind Fashions from Sephora India. After this deal, the beauty business of Mukesh Ambani or rather Reliance Retail will get a further boost. There is a reason for this also.

Sephora is the world's largest beauty product company. The demand for which is being seen continuously in India also. The entry of Sephora in Isha Ambani's portfolio will further strengthen Reliance Beauty's hold in the market in India. Sephora has been selling its products in India since 2012. Now after getting the support of Reliance, Sephora will get help in expanding its market in India.

Sephora products will be available at Reliance Retail

While giving information, Asia President of Sephora, Aliya Gogi said that the company was thinking about bringing changes in its business. In such a situation, we are very happy to be associated with India's big group Reliance. At present, the market of beauty products is expanding a lot. The reason for this is the continuous increase in awareness among the people. On the other hand, according to V Subramaniam, Director of Reliance Retail Ventures Limited, at present the Indian beauty market is continuously growing. In which a lot of interest and participation of Jane ji is being seen. Association with Sephora will help Reliance Beauty and Personal Care Company to move forward in this sector.

26 stores of Sephora will come into the hands of Reliance

Sephora has been in India for more than a decade. At present, Sephora has 26 stores in 13 cities of the country. Unless Sephora stores are completely in the hands of Reliance. Then all Sephora stores will remain operational and do their business as before. Reliance Beauty and Personal Care Limited is a subsidiary of RRVL. This deal will not only increase the company's portfolio but will also increase Reliance's share in the beauty product sector.

How much is the beauty product market in India?

Indian beauty and personal care market is continuously growing. According to experts, its market in India is at the initial stage. Whose market is 17 billion dollars i.e. about Rs 1.50 lakh crore. Which is much less compared to other markets of the world. At present the annual growth of this sector is 11 percent. Which is expected to increase by 15 to 20 percent in the coming years.