Dive Summary:
- Amid slow growth in South Korea and China, L’Oréal is looking to grow its Asian retail footprint with L’Oréal Paris make-up studios and other new retail operations in five of India's biggest cities.
- L’Oréal has seen revenues slow in the Asian luxury cosmetics market for Lancôme lipsticks and Biotherm cream, but Reuters reported that the products are finding new opportunities in emerging markets.
- With operations already in place in Mumbai and Delhi, L’Oréal will expand into Bangalore, Chennai and Kolkata, Marco Riggio, director of luxe products at L’Oréal India, indicated.
From the article:
"... The first stand-alone L’Oréal Paris make-up store opened in 2010 at Mumbai’s Palladium mall, followed by shop-in-shops—hiring space in departmental stores—in Delhi last year. The company is evaluating plans to open stores in markets such as Bangalore, Chennai and other cities.
'Globally, L’Oréal has such concept stores in select countries where specialized retail is not very strong,' said Satyaki Ghosh, director of the consumer products division at L’Oréal India. ..."
