The mass-market beauty company had $96.8 million in sales for the first half of 2016.
Rights groups applaud the decision as a victory for individual and religious freedom.
The luxury chain has long considered opening freestanding shoe shops.
The travel retail specialist’s multibrand luxury store will open at The Palazzo hotel.
The Australian investors have bought David Jones’ 78-year-old Market Street store as part of plans to expand Scentre’s Westfield Sydney luxury retail precinct.
Amid an array of designer shops, there’s spaciousness and consistency of tone.
Karen Katz has led NMG through tough times.