Sephora signs deal with Grupo Axo to open stores in Mexico

10/31/2010 | American City Business Journals

Sephora Americas made its foray into Latin America earlier this year by launching online beauty retailer Sacks.com in Brazil. Now, the fragrance and cosmetic chain is planning to open two stores in Mexico through an agreement with Grupo Axo. "This joint venture marks a substantial step in Sephora's expansion into Latin America and enables Sephora to capitalise on the exceptional growth opportunity we see in Mexico," said David Suliteanu, president and CEO of Sephora Americas.

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