Blackstone considers bid for luxury skincare company L'Occitane - Bloomberg News (updated)
05/02/2024 17:51
(Adds detail from the report)
Feb 5 (Reuters) - Blackstone Inc BX.N is considering a
bid for skincare company L'Occitane International SA 0973.HK ,
Bloomberg News reported on Monday, citing people familiar with
the matter.
The private equity giant has been considering preliminary
due diligence as it evaluates a potential offer while also
considering the possibility of teaming up with L'Occitane’s
billionaire chairman Reinold Geiger on a buyout, the report
added.
Blackstone and L’Occitane did not immediately respond to
Reuters requests for comment.
L’Occitane could also attract interest from other
suitors, the report said, citing the people, adding that
deliberations are at an early stage, and there is no certainty
they will lead to a proposal.
(Reporting by Mehnaz Yasmin and Ananya Mariam Rajesh in
Bengaluru; Editing by Shinjini Ganguli and Shailesh Kuber)
((Mehnaz.Yasmin@thomsonreuters.com;))