French cosmetic retailer L’Oréal is mulling over the expansion of its retail presence in India and open new L’Oréal Paris make-up studios in the country.
A slowdown of other Asian markets such as those in China and South Korea has made L’Oréal turn its focus to India wherein the chain currently retails its products through specialized department stores.
Speaking about its concept stores L’Oréal India consumer products director Satyaki Ghosh stated that the outlets provided for a platform for consumer interaction and promised better quality.
"Globally, L’Oréal has such concept stores in select countries where specialized retail is not very strong," remarked Ghosh.
The company is also looking to revive and enhance the presence of its Lancôme and Keihl’s brands that are restricted to the Delhi and Mumbai markets, reported Live Mint.
Apart from retail sector investments the cosmetic major will also open a research and development centre in Mumbai in January 2013 to develop products for the Indian consumers.