Moisturiser business doubled with letter from Greek Labour (7,3)

I believe the answer is:

coconut oil

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'moisturiser' is the definition.
I can't judge whether this defines the answer.

'business doubled with letter from greek labour' is the wordplay.
'business' becomes 'co' (short for company).
'doubled' says to double the letters.
'with' is a charade indicator (letters next to each other).
'letter from greek' becomes 'nu' (letter from the Greek alphabet).
'labour' becomes 'toil' (synonyms).
'co' duplicated is 'coco'.
'coco'+'nu'+'toil'='COCONUT-OIL'

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I've seen this clue in the Sydney Morning Herald.

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