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Sephora's Middle East stores stock international products alongside local brands such as Shiffa Dubai Skin Care and Huda Beauty. [59] According to Forbes , Huda Beauty , founded by Dubai based blogger and business woman Huda Kattan, was the top selling cosmetic brand across Sephora Middle East, in 2018.
In 2019, the company acquired Dr. Jart+. Founded in Korea in 2004, Dr. Jart+ pioneered the marketing of BB Cream as cosmetic, setting the standard for multifunctional beauty. [15] In 2021, the company acquired Canadian-based Deciem Beauty Group Inc. [16] In 2022, Estée Lauder opened a 300,000 sq ft. distribution center in Galgenen, Switzerland ...
Bernard Jean Étienne Arnault (French: [bɛʁnaʁ ʒɑ̃ etjɛn aʁno]; born 5 March 1949) is a French businessman, investor and art collector. [2] [3] He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company.
His conglomerate owns a bevy of luxury brands, including Dior, Fendi, Dom Pérignon, Sephora, and Tiffany & Co. LVMH stock has struggled this year, falling over 10% and eroding Arnault's net worth ...
Sephora helped drive a 76% profit rise in the selective retailing segment, which includes duty-free shops and raked in €17.9 billion ($19.4 billion) in sales last year.
Sephora and Shein are two popular online retailers in the United States, especially with younger generations like Gen Alpha. Qurate Retail Group owns and operates six retail brands, including QVC .
Chalhoub Group was founded by Michel and Widad Chalhoub in 1955, in Damascus, Syria with a store selling Christofle. [4] [5] Because of the narrow market and economic uncertainty in Syria, the family moved to Beirut, Lebanon in 1965 to enable expansion into the Near East and the Gulf region. [6]
Ulta was founded by Richard E. George, the former president of Osco Drug, Inc., and Terry Hanson.George left work at Osco in 1989 to develop a business plan for a retailer that would offer beauty products at different price levels. [3]