L'Occitane's billionaire owner decides against deal to take company private

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2023-09-04 15:26:00  • 2 mins

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(This story has been refiled to correct the spelling of 'billionaire' in the headline and paragraph 4)

By Rishav Chatterjee

Hong Kong-listed skincare specialist L'Occitane International SA said on Monday its controlling shareholder had decided against a potential deal to take the company private, curbing speculation of a possible European listing.

L'Occitane updated the market last month about a potential buyout offer from Chairman Reinold Geiger's investment holding company, L'Occitane Groupe SA, at no less than HK$26.00 ($3.32) per share.

Sources had earlier told Reuters that Geiger had also been speaking to advisers about the possibility of re-listing the skincare products group on a European exchange as soon as next year.

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