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Retail India - Retail India News: Nykaa's CEO Foresees India as ... - Indian Retailer

Falguni Nayar, CEO of FSN E. Commerce Ventures, the parent company of Nykaa, has envisioned India's ascension to the position of the world's third-largest consumer market by 2030. Nayar expressed her excitement about Nykaa's future prospects, according to an official statement. In collaboration with GCC's retail giant, Apparel Group, Nykaa plans to inaugurate its maiden international retail outlet by the close of 2023. This strategic move is driven by the Gulf Cooperation Council (GCC), which presents a substantial Beauty and Personal Care (BPC) market valued at over $30 billion and is currently in its nascent stages of e-commerce adoption.

indianretailer.com     Sep 19, 2023