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Arvind up 3%; in pact with Sephora for cosmetic products

With this partnership, the company will now manage Sephora's portfolio of three stores in Delhi and one in Pune.

September 11, 2015 / 11:34 IST
     
     
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    Moneycontrol BureauShares of Arvind, a textile company, has gained 3 percent intraday Friday. The company has entered int beauty and cosmetics segment through a partnership with Sephora, owned by LVMH Moet Hennessy Louis Vuitton, A French luxury conglomerate.With this partnership, the company will now manage Sephora's portfolio of three stores in Delhi and one in Pune. Sephora is world's largest and leading beauty retailer with a presence in 31 countries.J Suresh MD and CEO, Arvind Lifestyle Fashion said, "The addition of Sephora in Arvind's bouquet of fashion brand further strengthens our position in fashion and lifestyle segment. We are excited to operate Sephora store operations in India."At 09:31 hrs Arvind was quoting at Rs 266.60, up Rs 6.90, or 2.66 percent on the BSE.Posted by Rakesh Patil

    first published: Sep 11, 2015 09:51 am

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