Brands
Shoppers Stop lays off 1100 employees
MUMBAI: India's oldest department store chain Shoppers Stop is planning to lay off over 1100 employees as well as shutting some of its lower-performing stores owing to the drop in sales.
A company spokesperson shared with Economic Times that the declining business has resulted in employee layoffs, further mentioning that considering the limitation on adding new stores in the current situation, the size of the brand’s business is effectively reduced, leaving them with no other option but to let go of employees in order to adjust the company’s cost base.
It has been reported that around 15 percent of the 7500 staff strength, mostly comprising junior and mid-level workers, have been asked to resign by 15 June.
Apparently, these include over 1000 employees from the front-end operations and nearly 160 belonging to the back-end processes.
All the affected employees will be given their salaries for two months on an immediate basis.
While Shoppers Stop confirmed its layoff plans, it also maintained that it will re-hire from the same set of people as soon as there’s an improvement in the situation.
Soon after the Government’s Unlock, 1.0 plan came into being, Shoppers Stop reopened 55 of its 90 department stores.
Brands
Nykaa exclusively launches Illiyoon in India
Korean dermocosmetic brand joins Nykaa’s decade-long Amorepacific portfolio.
MUMBAI: Nykaa just dropped Korea’s gentlest glow-up on India because when your skin barrier needs backup, Illiyoon arrives like a K-drama hero with perfect timing. Nykaa has strengthened its dominance in the Korean beauty category with the exclusive India launch of Illiyoon, the trusted dermocosmetic brand from Amorepacific known for barrier-focused face and body care. The move deepens a partnership that began in 2016 with Innisfree and expanded to include Laneige, COSRX, Sulwhasoo and Aestura, making Nykaa home to India’s largest curated Korean skincare, dermocosmetics and haircare lineup.
Illiyoon arrives amid surging demand for gentle, clinically backed formulations targeting sensitive and dry skin. Hero products such as the ATO Lotion and ATO Concentrate Cream harness patented Soy-Ceramide and Ceramide Skin Complex 2.0 technologies to deliver high-performance hydration and barrier repair suitable for all age groups.
Nykaa Beauty, executive director and CEO Anchit Nayar said, “Our decade-long partnership with AmorePacific has played a defining role in shaping India’s K-beauty journey. The launch of Illiyoon marks the next chapter as Indian consumers increasingly prioritise barrier health and sensitive-skin solutions.”
Amorepacific India managing director & country head Paul Lee added, “The derma category has emerged as one of the most dynamic and fastest-growing segments in the Indian beauty market. Following the successful launch of Aestura, we are delighted to introduce Illiyoon as our second K-derma brand in collaboration with Nykaa.”
The launch reflects the rapid rise of ingredient-conscious, efficacy-driven skincare in India, where K-beauty continues to resonate with consumers seeking science-led yet gentle solutions. With Illiyoon now exclusively on Nykaa, the platform isn’t just expanding its K-beauty shelf, it’s giving Indian skin a softer, stronger chapter in the never-ending glow-up story.
