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LVMH's Sephora buys cosmetics startup Luxola

Eight-figure sum believed to be one of Singapore's biggest Internet startup exits in 2015

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Published Thu, Jul 9, 2015 · 09:50 PM

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    Singapore

    COSMETICS e-commerce site Luxola has been snagged by French luxury group LVMH via the latter's cosmetic subsidiary Sephora for an "eight-figure" sum, BT has learnt, in what is believed to be one of Singapore's biggest Internet startup exits this year.

    Luxola founder Alexis Horowitz-Burdick told BT on Thursday: "Luxola and Sephora are a good fit. Luxola is a leading beauty e-tailer, with a great passion for beauty and an unparalleled knowledge of the online market. Sephora is a leading beauty retailer that has gained huge market share with a wide brand assortment and great beauty knowledge."

    Startups

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