The Economic Times reports that French salon Jean Claude Biguine, a Euro 150 million hair and beauty chain will be opening early next year to set up salons first in Mumbai and then in Delhi. The company hopes to have 50 salons in the top cities by 2010, using an investment of Rs. 100 crore.
India’s personal care industry is estimated to be worth $38 million is likely to grow to $150 million by 2010. India is seen as an extremely lucrative market with its rising incomes and increasing number of people working in MNCs and BPOs who are ready and willing to spend money on themselves. Other target groups will be women belonging to households of more than Rs. 500,000, which at present number around 50,000 from 2.5 million households and is expected to grow to 1 million by 2010.
No comments:
Post a Comment