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LVMH's Sephora acquires Singaporean cosmetics startup Luxola

( July 10, 2015, 12:57 GMT | Insight) -- French luxury goods conglomerate LVMH’s cosmetics subsidiary Sephora has acquired Singapore-based cosmetics e-commerce platform Luxola, the Straits Times reported today. While the size of the transaction hasn't been disclosed, industry insiders s...French luxury goods conglomerate LVMH’s cosmetics subsidiary Sephora has acquired Singapore-based cosmetics e-commerce platform Luxola, the Straits Times reported today. While the size of the transaction hasn't been disclosed, industry insiders said Luxola struck an eight-figure deal, making it one of the largest start-up acquisitions in three years. Launched in 2011, Luxola has 120 staff in 12 markets in Southeast Asia, Australia, the United Arab Emirates and India. It sells about 10,000 beauty products from 300 brands, including Clinique, SK-II and L'Oreal....

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