Goldman Sachs and Bain Capital Private Equity have agreed to acquire a majority stake in South Korean cosmetics firm Carver Korea, according to an announcement.
In recent years, K-pop and K-drama have emerged as a lucrative business and K-beauty has gained in popularity as well globally.
South Korean cosmetics firm Carver Korea which include the acclaimed A.H.C skin care brand, has announced that Goldman Sachs and Bain Capital Private Equity have agreed to acquire a majority stake in Carver.
LVMH Moet Hennessy Louis Vuitton is buying a stake in South Korean cosmetics firm Clio Cosmetics Co.
Another foreign investment into Korean cosmetics firm is that Estee Lauder Companies Inc (EL.N) acquired a stake in the parent firm of Korean skincare brand Dr.Jart+ in October 2015.
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