Ratan Tata vs Mukesh Ambani: Ratan Tata and Mukesh Ambani will compete! Preparing to enter the cosmetics market

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When will the first store open
Tata declined to comment on the Reuters report. The Honest Company, Ellis Brooklyn and Gallinee also declined to comment. Reliance also did not comment on this. Tata recently launched the beauty shopping app Tata CLiQ Palette. The company is already in the retail business. It has joint ventures with global brands such as Zara and Starbucks. According to the report, 70 percent of the products in beauty stores will be of skincare and makeup.

Tata’s first beauty store may open in March. India’s beauty and personal care market is $16 billion, which is very small compared to China ($92 billion). But it is expected to grow at an average of seven per cent in the next few years. Beauty retailer Nykaa is set to open 300 stores in the country. Now it has 124 stores across the country. This company was listed in the stock market last year. Then its market cap had reached $ 14 billion.

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Tata group’s tuti used to speak once upon a time
Till a few decades ago, Tata Group’s tuti used to speak in the beauty sector. Noel Tata’s mother Simone Tata was instrumental in establishing the Lakme brand in 1953. But Tata sold Lakme to the local unit of Unilever Plc in 1998. In 2014, the company again entered this sector, but now the company is taking it seriously. Noel Tata, non-executive chairman of Tata Group’s retail stores operating company Trent Ltd., said in an interview that the company’s emphasis would be on footwear and underwear as well as beauty products. He said that there is scope for growth in retail.