Mukesh Ambani’s Reliance Retail is in advanced talks to take over Sephora in India. After the acquisition Sephora’s operations will be shifted from Arvind Fashions Ltd. to Reliance Retail. It is already speaking with developers to take stores on lease for Sephora. The Ambani venture is interested in Sephora as the group wants to have a portfolio of 50-60 home, food, and personal care brands in the next six months. It is hiring distributors to bring these brands to larger retailers and mom-and-pop stores in India.