To capture the potential of Indian beauty, Chanel seals a key partnership with Nykaa

Featured image of the article To capture the potential of Indian beauty, Chanel seals a key partnership with Nykaa

An article by Sophie Baqué

Publication

13 May 2025 à 17h41

Updated on 23 July 2025 à 18h58

Reading time

3 minutes

Publication: 13 May 2025 à 17h41, Updated on 23 July 2025 à 18h58

Reading time: 3 minutes

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An article by Sophie Baqué

Publication

13 May 2025 à 17h41

Updated on 23 July 2025 à 18h58

Reading time

3 minutes

Publication: 13 May 2025 à 17h41, Updated on 23 July 2025 à 18h58

Reading time: 3 minutes

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In India, the premium beauty market is whetting appetites. Under the leadership of Chanel’s CDO, Renaud Batteux, the luxury group (sales of US$19.7 billion in 2023 up 16%, net margin ratio of 24%) announced in early May a listing on Nykaa. The Indian fashion and beauty retail unicorn (sales of US$691 million in the 9 months to the end of December 2024, including 90% from cosmetics) operates 221 stores in India (up by 12 in the last quarter), an app and a website. The business distributes...

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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