L'Occitane Announces Fiscal Year 2018 Interim Results

Nov 20th, 2017

Audrey Latimer

L'Occitane has released its fiscal year 2018 interim results for the six months ended September 30, 2017.

According to the company, net sales were €548.2 million a decrease of -0.6% when compared to €551.7 million in 2016.

Baralan featuring the latest innovative 3D techniques, iconic shapes, sophisticated finishes and versatile accessories

Baralan featuring the latest innovative 3D techniques, iconic shapes, sophisticated finishes and versatile accessories

Baralan at Luxe Pack NY 2024 in a continuous dialogue among the company historical soul, industry trends and product innovations. New ideas for primary packaging: innovative 3D techniques, iconic shapes, sophisticated finishes and versatile accessories.

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

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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.

The funding round was led by a16z crypto and The Estée Lauder Companies' New Incubation Ventures (NIV).

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In March, Puig reported that full-year 2023 sales increased 19% to €4.3 billion.

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Funds will be used to "refinance recent acquisitions of additional ownership in the prestige fragrance label Byredo and Charlotte Tilbury brands," while setting the company up for future acquisitions and expansions in Asia Pacific and skin care.

Dexter King has been named senior vice president, global general manager, Tom Ford Beauty, reporting to Guillaume Jesel, president and CEO, Tom Ford and luxury business development, The Estée Lauder Companies.

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In his new role, King will lead the brand's category, channel and geography strategic growth plans, with a particular focus on its luxury beauty positioning in makeup, fragrance and skin care.

Throughout her career, Green Yip has held senior appointments at Estee Lauder and LVMH.

L’Occitane Appoints Regional Managing Director, Travel Retail APAC

Green Yip will play a vital role in shaping the future of the company's travel retail with the support of its experienced global and APAC travel retail teams.

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Two $5,000 scholarships, sponsored by Mary Kay, Inc., will be awarded.

SCC Accepting Applications for 2024 Madam C.J. Walker Scholarship

The scholarship program supports specific under-represented minorities of any gender identity pursuing an undergraduate or graduate degree in STEM disciplines relative to the cosmetics and personal care industry.

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