Mary Kay opens in India
This article was originally published in The Rose Sheet
Executive Summary
Direct seller is adding India to its global portfolio and expanding its footprint to over 30 markets worldwide with launch of new subsidiary Mary Kay Cosmetics Pvt. Ltd., to be based in Gurgaon near New Delhi, company announces Sept. 12. The subsidiary will be led by Country Manager Hina Nagarajan, who has worked for other consumer product companies including ICI Paint and Nestle India. Mary Kay also will open its first beauty center in New Delhi. Firm anticipates investing $20 mil. in India over the next five years, launching initially out of New Delhi, Ludhiana and Chandigarh. "We anticipate generating the same success in India that we are experiencing in other Asia-Pacific markets," K.K. Chua, president of Mary Kay Asia-Pacific, notes. "We now have more than 350,000 Mary Kay independent beauty consultants in the region"...