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Sephora expands its presence in Mexico by opening its 29th store nationwide.
The beauty chain will reach 60 physical stores across Mexico in the next five years.
Sephora arrived in Monterrey in 2017 with a store in the Fashion Drive complex. Photo: Bigstock.
By: SiiLA News & SiiLA News
06/07/2022
Sephora is back on track with its expansion plans in Mexico as it inaugurates its 29th store nationwide. It's important to note that the beauty chain, owned by LVMH, had announced a 150 million pesos investment in 2021 to open five new stores in the country by 2022.
As part of this exciting project, Sephora landed in Monterrey on Friday, June 3rd, to open its doors on the ground floor of the Galerías shopping center. However, this is not Sephora's first venture in the city of Monterrey. The beauty, cosmetics, and perfume chain first made its entrance into the market in 2017 with a store at the Fashion Drive complex. Two years later, in 2019, Sephora returned to Monterrey and joined the directory of Punto Valle.
The opening at Galerías Monterrey is also a significant milestone in the ambitious project of the French chain, which aims to have 60 physical stores nationwide in the next five years.
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
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