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L’Oreal to spread salons targets 25% year-on-year growth for next 5yrs

Ridhima Verma - 10-déc.-2014 10:38:44
French beauty and cosmetics major L’Oreal’s professional products divisions will spread its network of salons as it expects a 25 per cent year-on-year growth for the next five years.   "We see at least 25 per cent CAGR (compounded annual growth rate) for the next years. We have doubled our distribution in the last three years. We have gone to a large number of tier II and tier III cities. Idea is to continue growing. While smaller cities will grow faster, bigger chunk of business still exists in big cities," L’Oreal Professional Products Division Director Aseem Kaushik told PTI.   L’Oreal Professionals’ products are available in 350 cities and sold through 35,000 salons. The company’s professional products range contributes 25 per cent to total turnover.   Talking about new launches, Kaushik said: "We continue to add sub brands in India. We know that scalp concerns are a big need gap in India, especially in the professional products arena. We will look at it next year. It will be a full range of products." However, he refused to elaborate on it.   Last year, the company launched L’Oreal mythic oil range. The company is also bullish on its initiative to train and educate hairdressers across the country and had also organized the annual Indian Hairdressing Awards. "This will drive the growth of organizing hair dressing industry. The company has 50 facilities across India and last year it trained 1.5 lakh professionals," Kaushik said.   L’Oreal’s product divisions include luxury, professional products, consumer products and cosmetics.   Source: http://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/loreal-to-spread-salons-targets-25-yoy-growth-for-next-5-years/articleshow/45434596.cms  
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Sophie Clavelier, Country Head   Welcome to the French Trade Commission Business France in India!     Our key mission is to promote trade relations between France and India. We assist French- based companies seeking potential partners and new markets in India, while helping Indian businesses to identify potential French suppliers, commercial and technical partners.   In India, our 4 offices are located in business hubs, New Delhi, Mumbai, Bengaluru and Chennai. We have a dedicated multicultural team of 38 experts in the following growing sectors: Agrofood Industry Industry and Cleantech Lifestyle and Healthcare Tech & Services Our Trade Commission also has a Press office in charge of helping French companies to communicate in India as well as a Market Access Department enabling them to better understand and adjust to the Indian regulatory and fiscal framework. In

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