"The 'Za' brand will be launched in the second quarter of the year," Shiseido Corporate Executive Officer & Director of the Board Yu Okazawa told PTI.
Stressing on the importance of the market here, he said: "India is a strategic market for the company. Having been present since 2001, Shiseido aims to further strengthen its foothold with the entry of Za."
Sounding bullish on the long-term growth, he said: "We are fully confident that Za has high potential for success in the Indian market."
The company has been studying the Indian market closely and there is a change in the Indian beauty market, he added.
"Today, various factors like higher disposable incomes, development of modern urban lifestyles and increase in consumer awareness have affected buyer behaviour across the country. As a result, we see a larger demand for international brands in the country," Okazawa said.
On the company's strategy for Za, he said it will be sold through 250 retail outlets, mostly shop-in-shops, by the end of 2014.
"Brand 'Shiseido' is focusing on building strong brand equity in very selected stores in luxury segment," he said, adding that presently Shiseido products are available at over 30 point of sales.
Founded in 1872, Shiseido is a leading global cosmetic group with more than 100 brands in its family, including NARS, Bare Escentuals, and Beaute Prestige International (BPI).
It has an annual sales of over USD 7 billion with presence in 121 countries.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
