INDIA: In an attempt to grow 10% during the next four years in its beauty services and solutions business, Lakme Lever, a division of Hindustan Lever, is planning to open 30 more Lakme salons this year.
“Our plan for 2005 is to have 100 Lakme salons by the end of the year. At present, we have 70 such salons, of which four are company-owned and the rest franchises,” Lakme Lever vice president Anil Chopra said. “At present, the salon business contributes about 10-12% of Lakme’s total turnover. We want to make it 20% in the next three to four years.”
The salon business is leading the growth of Lakme, followed by skin care and the color cosmetics business, Chopra added. Pointing out that new salons would be opened in the top 25 cities, he said the company had no concrete plans to extend into the eastern region markets.