India’s beauty business is “looking great and feeling good,” according to Vivek Bali, vice president and business head of cosmetics and fragrances in the lifestyle division of Reliance Retail Ltd., a diversified behemoth.
The industry’s sales are growing dramatically, having doubled between 2006 and 2011, when revenues reached $4.25 billion. “And the business will accelerate to about $5.8 billion by 2013,” he projected.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"