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.
