Report: L’Occitane Owner Exploring Another Attempt to Take Company Private

L’Occitane billionaire owner and chairman Reinold Geiger is reportedly exploring another attempt to take the company private, according to Reuters.

In July 2023, it was reported that Geiger was reportedly seeking a buyout of minority shareholders. A few short months later in September, he had decided against making the move.

Reuters now reports that Geiger is "in advanced discussions with investors and lenders" about a potential deal that could be announced in just a few days.

U.S. private equity giant Blackstone Inc. would reportedly try to provide debt financing to take L’Occitane private.

It is unclear what price Geiger would offer, but Reuters reports that in August the company said that if a deal were to go through, it would be no less than HK$26.00 per share.