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

L'Occitane International SA

04/09/2023 15:36

Sept 4 (Reuters) - Hong Kong-listed L'Occitane
International SA  0973.HK  on Monday said that its controlling
shareholder has decided against a potential deal to take the
skincare company private.
    L'Occitane had 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
per share.
    

 (Reporting by Rishav Chatterjee in Bengaluru
Editing by David Goodman
)
 ((Rishav.Chatterjee@thomsonreuters.com;))