LVMH arm buys slice of Seoul cosmetics firm CLIO as South Korea beauty business booms: Reuters

An investment arm of French luxury goods giant LVMH (LVMH.PA) 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, Reuters reported.

DealsNorth AmericaUSBriefs