LVMH arm buys slice of Seoul cosmetics firm CLIO as S.Korea beauty business booms
July 22, 2016 at 03:34 AM EDT
SEOUL, July 22 (Reuters) - An investment arm of French luxury goods giant LVMH said it took a minority stake in South Korea's CLIO Cosmetics, swelling the ranks of global investors placing a bet on booming demand for Korean beauty products in major markets like China.