SEPHORA reinforces its position in Russia

Beauty retailer SEPHORA, part of the LVMH Group, has purchased an additional 20% stake in Russian retailer Ile de Beauté. Sephora already controls 45% of Ile de Beauté since 2008 and the transaction is aimed at reinforcing its position in Russia’s booming beauty market. Ile de Beauté is the second largest beauty retailer in Russia with 125 stores.