L'Oreal, the world's largest cosmetics group, is looking to buy an Indian skin-care brand to tap the growing consumer appetite worldwide for exotic beauty products, the Wall Street Journal said on Thursday.
“We would be interested in buying an Indian ayurvedic brand to bring the Indian vision of beauty to the world,” Chief Executive Jean-Paul Agon told the paper in an interview.
Agon said L'Oreal had not identified what brand it would like to buy and was exploring a range of options, the Journal reported.
The next three to five years would be a period of major growth for the French firm in India, he added.
Ayurveda is a traditional system of herbal medicine.
SOURCE : DNA MONEY
“We would be interested in buying an Indian ayurvedic brand to bring the Indian vision of beauty to the world,” Chief Executive Jean-Paul Agon told the paper in an interview.
Agon said L'Oreal had not identified what brand it would like to buy and was exploring a range of options, the Journal reported.
The next three to five years would be a period of major growth for the French firm in India, he added.
Ayurveda is a traditional system of herbal medicine.
SOURCE : DNA MONEY
0 comments :
Post a Comment