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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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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.

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...

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