LVMH ACQUIRES ASIAN BEAUTY START-UP LUX OLA

摘要

LVMH has acquired Southeast Asian beauty e-commerce start-up Luxola, according to media reports. It was first rumoured that LVMH-owned Sephora had invested an undisclosed sum in Luxola. However, it has since been reported by Tech In Asia that the start-up was acquired by LVMH. Luxola was launched in Singapore in 2011 and has experienced rapid growth over the past few years. Today it sells in excess of 4,000 products across more than 250 brands, shipping to a consumer base that spans Southeast Asia, Australia, India and the UAE.