Revlon to Expand Retail Footprint in India
Operating in India since 1995, New York headquartered Revlon currently has 27 retail outlets across the country. The company will launch a significant number of exclusive stores in India to bring up this number to 100 by the end of 2017, reports CosmeticsDeisgn-Asia.com.
Estimated at $10 billion, India’s cosmetics market is expected to grow at a compounded annual rate of 10 percent to $17 billion by 2020, says Boston-based market research company Trefis.
Nicholas Micallef, a beauty and personal care analyst at the U.K.-based Euromonitor International expects Revlon’s growth in India will accrue from hair colorants and natural products both of which are in high demand in India.
Revlon Hair Colors
Posted on December 26th, 2016
by Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation.
Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject.
He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.