Beauty retailer Sephora Australia losses widened in 2020 and its ability to continue as a going concern is reliant on funding from its global parent, luxury conglomerate LVMH Moët Hennessy Louis Vuitton.
The French multinational opened in Australia in 2014 and sells its own collection of skincare and beauty products, but also brands such as Fenty and Marc Jacobs.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
