Subject to approval by the Turkish Competition Authority, 19 stores of Türkiye’s major cosmetics retailer Tekin Acar, particularly the flagship ones in Istanbul and Ankara, will be acquired by France’s cosmetics giant Sephora.
Owned by LVMH, a French multinational luxury goods conglomerate headquartered in Paris, Sephora is a French chain of cosmetics stores founded in 1969. Featuring nearly 300 brands along with its own private label, Sephora offers a range of beauty products that include makeup, skincare, fragrance, nail polish, and haircare. The company has been operational in Türkiye for 7 years.