Who owns Sephora?

by / ⠀Who Owns / December 4, 2023
Who owns Sephora

Who owns Sephora? Sephora is owned by the luxury conglomerate LVMH Moët Hennessy Louis Vuitton. LVMH is a multinational corporation headquartered in Paris, France, and is the world’s largest luxury goods company. It was formed through the merger of fashion house Louis Vuitton with spirits company Moët Hennessy in 1987. LVMH operates in various sectors like wine and spirits, fashion and leather goods, perfumes and cosmetics, and other luxury retail industries. Sephora was acquired by LVMH in 1997, and since then, it has functioned as a subsidiary of the group.

Company History

Sephora is a multinational chain of personal care and beauty stores founded in France in 1970. The company offers a wide range of skincare, makeup, fragrance, body, haircare, and other beauty-related products. Here is a brief history of the company and the changes in its ownership over time:

1. Founding (1970):

Sephora was founded by Dominique Mandonnaud in Limoges, France, in 1970. Mandonnaud initially named the company “Shop 8,” which was later rebranded to Sephora in 1993, with the name being inspired by the Greek word “sephos” (meaning “beauty”) and the Greek mythological figure Zephyrus, the god of west wind.

2. Expansion (1993 – 1997):

Dominique Mandonnaud revolutionized the cosmetics industry by introducing a new retail concept where customers could freely test and explore various beauty products. This self-service, open-sell model played a crucial role in Sephora’s rapid expansion. The company expanded its presence with the opening of multiple stores in France and other European countries like Spain, Italy, and Portugal.

3. Acquisition by LVMH (1997):

In 1997, the French luxury group LVMH Moët Hennessy Louis Vuitton acquired Sephora. LVMH is a conglomerate that specializes in luxury goods and is known for owning various world-renowned brands in wine and spirits, fashion and leather goods, perfumes and cosmetics, and other retail sectors.

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4. International Expansion (1998 – Present):

Under the ownership of LVMH, Sephora continued its expansion globally. The company entered the U.S. market in 1998, establishing its first store in New York City. Over the years, Sephora has expanded its presence to around 35 countries, with more than 2,600 stores worldwide. The company also launched its e-commerce platform, which allowed it to reach an even broader audience.

Today, Sephora is a leading global beauty retailer and is still owned by LVMH. The company is known for offering a unique and interactive shopping experience, carrying an extensive range of both established and emerging beauty brands.

Who was the Original founder?

Sephora was originally founded by Dominique Mandonnaud in 1970 in Limoges, France. Dominique Mandonnaud is a French businessman who revolutionized the cosmetics industry by introducing a self-service and an open-sell concept to cosmetic retail, which allowed clients to touch, smell, and sample beauty products before making a purchase.

He did this by removing cosmetics from their traditional behind-the-counter placement. Before starting Sephora, Mandonnaud already had experience in the perfume and cosmetics industry, as he owned a small chain of perfume shops called Shop 8.

In 1970, Mandonnaud decided to transform his business, merging his existing chain with a new concept store he called Sephora, derived from the Greek word “sephos” which means “beauty” and the name “Zipporah,” Moses’ exceptionally beautiful wife according to the Bible. Sephora steadily grew, and by 1993 Mandonnaud’s company had a presence in multiple countries.

In 1997, it caught the attention of the luxury conglomerate LVMH (Louis Vuitton Moët Hennessy), which decided to acquire and expand Sephora globally. Today, Sephora is one of the top beauty retailers in the world, known for its curated selection of beauty products, interactive retail experience, and exceptional customer service.

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FAQ – Who owns Sephora

1. Who is the parent company of Sephora?

Sephora is owned by LVMH Moët Hennessy Louis Vuitton, a multinational luxury conglomerate based in France.

2. When was Sephora founded?

Sephora was founded in 1970 by Dominique Mandonnaud in Paris, France.

3. When did LVMH acquire Sephora?

LVMH acquired Sephora in 1997, marking a major expansion of LVMH’s interests into the beauty industry.

4. Does Sephora own any other brands?

Yes. Sephora has its own private label brand called the Sephora Collection, which offers a wide range of beauty and skincare products at an affordable price.

5. How many countries does Sephora operate in?

Sephora has stores in more than 35 countries across North America, Europe, Asia, and the Middle East.

6. Where is Sephora’s headquarters located?

Sephora’s global headquarters is located in Paris, France, while its North American headquarters is located in San Francisco, California.

Sources for More Information

 

Featured image provided by Valeriia Miller; Pexels; Thanks!

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