Reliance completed the acquisition of Sephora India business from Arvind, for $26.23m.

Reliance Beauty & Personal Care, the beauty business of Reliance, completed the acquisition of Sephora India business from Arvind, a lifestyle company, for $26.23m. We are excited and proud to partner with Sephora, a global leader in beauty. The burgeoning Indian beauty market is being propelled by a new generation of customers with a strong desire to express their individuality, rising aesthetic refinement and a growing number of women in the young workforce of India," V Subramaniam, Reliance Retail Ventures Director.