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

Logo Channel NewsAsiaChannel NewsAsia
2023-09-04 15:26:00  • 2 mins

Best News Website or Mobile Service

WAN-IFRA Digital Media Awards Worldwide 2022

Best News Website or Mobile Service

Digital Media Awards Worldwide 2022

(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.

Continue read on channelnewsasia.com

Construction and energy tycoon Edgar Saavedra is looking to conquer the property sector next as he unveiled an ambitious expansion roadmap that will...
Logo Inquirer.netInquirer.net
2023-10-01 18:03:00  • 1 min
The good news for Chelsea fans is that the key executives at the club have faith in Mauricio Pochettino. The man who has a bowl of lemons in his office to...
Logo Daily MailDaily Mail
2023-09-30 21:35:34  • 2 mins
Close ties:Six members of the family including Venetia Hoare (pictured) are partners at the bank The country's oldest privately-owned bank saw its profits...
Logo Daily MailDaily Mail
2023-09-30 20:50:31  • 1 min
Hui Ka-yan, founder and chairman of the troubled developer, rode a wave of market reforms to amass a vast empire that included Chinas richest football club,...
Investor Ben Graham -- mentor to the Oracle of Omaha himself, Warren Buffett -- was once quoted as saying: "The individual investor should act consistently...
Logo NasdaqNasdaq
2023-10-01 14:00:00  • 2 mins
As the NFL rolls into town with its traditional locker room access for the media, Mauricio Pochettino admits he is no fan of cameras in the dressing room,...
Logo Daily MailDaily Mail
2023-10-01 00:07:58  • 1 min
Lopez-led First Gen Corp. is hoping to reach financial closing by yearend for the Casecnan hydroelectric power plant that it had won via competitive bidding,...
Logo Inquirer.netInquirer.net
2023-10-01 18:02:00  • 1 min
Juventus sporting directorCristiano Giuntoli revealed the club were prepared to allow Dusan Vlahovic to join Chelsea this summer. Mauricio Pochettino had...
The London Stock Exchange is on the brink of securing a series of floats from South Korea, The Mail on Sunday can reveal. A semiconductor maker and a...
Logo Daily MailDaily Mail
2023-09-30 20:50:46  • 1 min
Key Points Food companies are making big bets on snacking, but the rise of Wegovy, Ozempic and similar drugs could pose a threat to future sales growth....
Logo CNBCCNBC
2023-10-01 12:00:01  • 1 min
Insurance company stocks have performed quite well over the past couple of years despite market volatility driven by macroeconomic issues, inflation, and...
Logo NasdaqNasdaq
2023-10-01 11:09:00  • 1 min
In July, Mediterranean restaurant chain Cava Group (NYSE: CAVA) went public and within days soared to a $5 billion valuation. Two weeks later, while Cava was...
Logo NasdaqNasdaq
2023-10-01 11:45:00  • 2 mins
What's the most worrisome problem about investing in a hot new area? It's that the companies that emerge as early leaders might not have staying power. You...
Logo NasdaqNasdaq
2023-10-01 09:55:00  • 2 mins
Saudi clubs interested in Lewandowski Barcelona contract valid until 2025 Four clubs approached Lewandowski this summer WHAT HAPPENED? Four Saudi Pro League...
Logo GoalGoal
2023-10-01 08:40:07  • 1 min
Adrien Rabiot is set for fresh talks to extend his Juventus contract again after a potential move to Manchester United was scuppered by his mum's demands....
Everton boss Sean Dyche has revealed hes made it clear to the clubs prospective new owners, they have to change the narrative around Goodison. The three...
Logo The MirrorThe Mirror
2023-10-01 16:00:00  • 2 mins
With my global network of business owners and billionaire entrepreneurs with a combined net worth above $135 billion, it is understandable that many of our...
Logo Inquirer.netInquirer.net
2023-10-01 18:05:00  • 1 min
Deal reported in summer as 100m+ Bayern president claim lower figure Add-ons may yet push number higher WHAT HAPPENED? After a summer of drawn out...
Logo GoalGoal
2023-10-01 07:56:11  • 1 min
On April 27, image-browsing platform Pinterest (NYSE: PINS) announced a partnership with e-commerce giant Amazon (NASDAQ: AMZN). Since then, shares of...
Logo NasdaqNasdaq
2023-10-01 11:37:00  • 1 min
The Premier League hopes that a radical reshaping of the way they sell their TV rights from 2025 will push annual TV income domestic and overseas combined up...
Logo Daily MailDaily Mail
2023-09-30 21:30:58  • 1 min