Nykaa owner Falguni Nayar finally breaks silence over Mukesh Ambani, Isha Ambani’s move to bring back Shein to India, says…

New Delhi: Nykaa remains confident in its market position and does not anticipate heightened competition, even as Chinese fast fashion giant Shein makes its return to India. Nykaa is a leading beauty and personal care (BPC) company that also operates Nykaa Fashion. “Fashion is a very wide business, with (categories like) women’s western wear, women’s Indian wear, men’s wear, sportswear, as well as kids and home, and Shein is only in one category (women’s western wear)… The market is very wide and no one brand can dominate it. So, I do believe that it should not have much of an impact,” Nykaa founder and CEO Falguni Nayar told analysts af