L Capital looks to take Dr. Wu beyond Taiwan
While Taiwan's skincare and cosmetics brands are much more developed than their Chinese counterparts, upward potential is limited. L Capital Asia, a PE firm backed by luxury goods conglomerate LVMH, therefore needed a different investment thesis.
"In China, it's a strong growth story - you help companies penetrate more Chinese cities, because the market is so large," says Frankie Chan, executive director at L Capital Asia. "Taiwan's skincare market...
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