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LVMH Invests $50 Million In South Korean Cosmetics Firm CLIO

July 11, 2016: 12:00 AM EST
LVMH Moet Hennessy Louis Vuitton SE, through its affiliated investment company L Capital, agreed to invest $50 million in South Korea-based cosmetics company CLIO Co. Marking the first time for LVMH to invest in a Korean cosmetics company, the investment will be in redeemable convertible preference shares issued by CLIO. When converted into common stock, the planned investment is estimated to be around 10 percent of the company’s total shares.
Kang Doo-soon, Kim Hyo-hye and Park Eun-jin, "LVMH to pledge investment in Korean cosmetics CLIO", Pulse by Maell Business News Korea, July 11, 2016, © Pulse by Maeil Business News Korea
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