The worldwide magnificence group seeks to develop the footprint of its enterprise in India. Strategic plans embody the appointment of Rizwan Mulla, previously on the Chalhoub Group, as Enterprise Improvement Director, India, the inauguration of latest premises in Mumbai, in addition to the signing of an settlement with distribution and advertising firm Home of Magnificence.

The settlement with Home of Magnificence covers the launch of Kylie Cosmetics in India. “There may be rising demand throughout India for high quality make-up, best-in-class innovation and immersive advertising activations from worldwide magnificence way of life manufacturers,” commented Shriti Malhotra, Group CEO, Quest Retail – Home of Magnificence.

A signing ceremony befell in Mumbai to mark this collaboration.

“Over the previous 5 years, we’ve witnessed the meteoric rise of Status Magnificence in India and immediately it represents one of many key long-term development alternatives in Asia for Coty. The strategic funding in Coty’s operations in India underlines the corporate’s ambition to solidify our already sturdy presence within the sizeable Indian magnificence market,” mentioned Kristina Strunz, Managing Director, Coty Southeast Asia and India.

Coty’s gross sales in India grew +65% within the monetary yr 2023, by way of status manufacturers similar to Gucci Magnificence, Burberry Magnificence, Hugo Boss, Calvin Klein and Davidoff fragrances, and shopper manufacturers similar to Rimmel, MaxFactor and Adidas. The group deems this development trajectory is about to proceed within the yr forward, supported by a sequence of latest perfume releases launches and upcoming model launches.