Gustavo Caballero/Getty Images for Sephora

Mexico and Brazil remain key markets for LVMH Moët Hennessy Louis Vuitton's Sephora, said vice president for Latin America Paula Larroque, as the beauty brand and perfumery prepares to open its 24th store in the region by the end of the year. Next year, Sephora plans to open an additional seven stores between the two countries, Larroque said.

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