Sephora sees stars

摘要

Russia - Paris-based perfume business Sephora is in talks to buy L'Etoile, Russia's largest cosmetics chain. L'Etoile, which is based in Moscow, has 101 stores in the city and also owns outlets in St Petersburg. The company's sales amounted to USUS90m last year. Sephora, the retail division of LVMH, the world's largest luxury goods company, is believed to be intending to use the takeoover to create a new operations base in Russia and Ukraine for LVMH's perfumes and cosmetic division.