L Capital Asia , the private equity fund backed by luxury fashion group LVMH (Louis Vuitton Moët Hennessy), has acquired a minority stake in China-based Marubi Holdings Group. The amount invested has not been made public at the time of writing, but is a significant investment, it has been reported. The private equity fund has been very active over the past year with acquisitions, however this is the first the Singapore-based fund considered in the cosmetics sector.
The…
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