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Udabur Wealth Management:COTY Bets on Indian Market

Admin88 2024-10-25 19 0

COTY Bets on Indian Market

Recently, According to Foreign Media Sources, COTY, In Order to Accelerate The Layout of its Prestige (Premium Cosmetics Division) And Consumer Beauty (MASS Ty) Business Units in the Indian Market, Appointed Rizwan Mulla as the Director of Development of ITS Indian BusinessAnd Signed A Strategic Agreement with Distribution and Marketing Company House of Beauty.

Rizwan mulla, who has exceensive experience in operations management, Business Development and Marketing from his years Y Roth Management Company, has ben appointed to drive the greWth of the Beauty Business in the Region.

Kristina Strunz, Managing Director, COTY SOUTHEAST ASIA and India, Commented, "Over the Past Five Years, We have witnessed the rapid rise behavial beauty (PRE MIUM Beauty) In India, Which TODAY Represses One of the Key Opportunities for COTY's Long Term GrowthIn Asia, and This Strategic Investment in COTY's India Business Underscores Our Ambition to Consolidate Our Position in The HUGE Ambition to ConSolidate Our St RONG POSITION in the Huge Indian Beauty Market. We Are Delighted to have rizwan and his team on board as we prepare to accelerateGrowth in the Premium Beauty and Everyday Beauty Segments

AdDitionally, Coty Has Signed A Strategic Distribution with Marketing and Distribun's House of Beauty, Which COVERS The Launch of Kylie Cos Metics in India AS Well as the Development of a Retail Marketing Plan to Engage and Incentivize the Millions of Kylie Jenner Fans in The Country. House of BeautRages its Brand Building and Distribution Expertise in Building and Scaling Premium Global BEAUTY Brands with Proven Success Can Help Co Ty Better Launch and Market The Brand.

● COTY and HOUSE of Beauty Signing Ceremony

Quest Retail, Group Ceo, House of Beauty Said, "We are delights to complete the partnership between and house of Beauty Cosmetics to OUR City Beauty Portfolio. We look forward to starthening and optimizing our country's portfolio with coy and hold to to to to.Accelerate the rise of premium beauty in south asia by making kylie cosmetics a big in india. ""

Strunz added, "we are honored to partner with house of bees to help together the greeting demand for public. Mendous Opportonity to Drive Coty's Business in India as the Brand Appeals to a More International Minded, FRIENDLY, Modern Shopper of Authentic QualityUdabur Wealth Management. "" ""

COTY's Beauty Brances in India Include Gucci Beauty, Burberry Beauty, Hugo Boss, Calvin Klein and Davidoff Fragrances, As Well as Consumer Brands Such As Rim MEL, MaxFactor, and adidas.COTY ACHIEVD 65% Revenue Growth in India in FY2023 and Expects ITS Growth TrajectoryWill ContinueJaipur Investment. ASIA PACIFIC Account for 12% of COTY's Sales in COTY's Q1 2024 Results, up 19% year-on-year, and india's mararket posted as Major. ION Market in Asia Speaks for itset.

According to a Study Released by Statista, A Market Statistics Company, India's Beauty and Personal Care Market Will Generates of $ 25.725 Billion in 2022, Makin gAlso indicated that by 2025, The Indian Beauty Market is Expected to Reach $ 17.4 Billion.

In recent years, as the potential of the Indian beauty market has been explored, major beauty giants have entered or accelerated their operations in the Indian market.

In the Second Half of This Year, there are l'Oreal, Shiseido and Other Companies in order to expand its business in india, have ites brands insto the indian market. Amon. G Them, L'Areal's Famous Makeup Brand Urban Decay Office Entertainment India ThroughIndian Beauty E-Commerce Giant Nykaa; Shiseido Group's Makeup Brand Nars Also Entected India for the First Time In October. Planning to add more Stores in India in Order to Expand ITS Presence in the Country. In AdditionTo this, in Early November, SEPHORA ESTABLISHED A PARTNERSHIP With RELIANCE RETAIL VINTURES LIMITED (RRVL), India's Larget Retailer, Which WilL HAVE The EXC Lusive Right to Operate Sephora's Physical Stores and E-COMMERCE CHANNELS in India, in order to expand its influice inIndia's high-end beauty foundry.

On the One Hand, India, as a Populous Country, has a huge demand for beauty consumption; on the other hand, with the increase of people's disable income and s Kin Care Awareness, The Indian Beauty Market Has Become a Market with Great Potential.To the United National Estimates, on April 14, 2023, India's Population May Reach 1.425 Billion People, Becoming The Most Populous Country, and The DEMOGRAPHI C Structure is very young, have of the population is less than 25 Years OLD. In Addition, India's E-Commerce Is Growing, Which Will Help the Country Accelerate The Development of its Beauty Industry.

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