Marking a new alignment in the country's fast consolidating retail industry, Arvind is reportedly all set to acquire the Indian operations of cosmetics and beauty retailer Sephora, owned by French luxury conglomerate LVMH Moet Hennessy Louis Vuitton
This will see the LVMH company ending ties with real estate major DLF, which manages Sephora currently through its retail arm DLF Brands. LVMH has been scouting for a new partner and has most likely opted for Arvind Brands & Retail, a unit of Lalbhai's $1-billion Arvind.
Arvind has a portfolio of 12 of its own brands. It also runs the country’s largest value retail chain Megamart and the UK-based department store chain Debenhams, and the apparel specialty retail chain Next. Arvind has over 1.3 million square feet of retail space across various brands.
