Market News

Shoppers to Launch Luxury Beauty Chain

Shoppers Drug Mart Corp. is preparing to launch a free-standing luxury beauty chain later this year. The Murale stores will feature premium skin care, cosmetics and fragrances, along with expert service, for customers willing to pay for them. Two Murale stores will open this year, the first in Ottawa's Place D'Orleans mall this November, followed by a flagship store in Montreal's Galerie Place Ville-Marie. Five to seven more stores are slated to open in 2009 in major urban centres, which could include Toronto, Calgary and Vancouver. The stores will be between 5,000 to 8,000 square feet, and will include a pharmacist and a small pharmacy. http://www.reportonbusiness.com/servlet/story/RTGAM.20080902.wmurale 0802/BNStory/Business/?cid=al_gam_nletter_maropen Source: Canadian Grocer E-Newsletter, September 5, 2008