It’s now the turn of foreign luxury hair and beauty chains to woo the chic and sophisticated high spending consumers of India.
Jean Claude Biguine, the 24 year old Euro 150 million French salon chain, internationally recognized as an authority on beauty and style, presently having 318 salons in 17 countries, has decided to set up three outlets in Mumbai, this year. The salon chain plans to open 50 salons in major cities of the country by 2010, reports the Hindu Business Line. Of these, 22 salons will come up in the next two years. Each of these Biguine outlets will require an average investment of Rs. Three crore.
Within the next four years, the company also intends to start four training academies across the country.
There is a huge potential for business of beauty in India. While some chains have entered the country in the previous years, many other foreign Salon chains like Regis of the US are considering entering India