Do you know how your girl friend is buying her cosmetic goods?Last week, one of SEA’s top beauty e-commerce site Hermo was acquired by istyle, a Japanese company which runs a beauty portal site @cosme. In the release, it was stated that istyle has secured 60% of the company for US$13.2 Mn. Regarding that Hermo had about $10Mn revenue in 2016, the revenue multiple is estimated to be 1.3x. I guess this deal was the second exit in the beauty sector in SEA follo
