LVMH to pledge investment in Korean cosmetics CLIO
L Capital, an investment company affiliated to the world’s largest luxury goods conglomerate LVMH Moet Hennessy Louis Vuitton SE (LVMH), pledged $50 million (57.3 billion won) in South Korea’s homegrown cosmetics company CLIO Co. This is the first time for luxury goods conglomerate to make an investment in a Korean cosmetics company.
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