L’Occitane Stock Soars As Rumors Swirl Around Billionaire Owner Taking Beauty Brand Private

Key takeaways

• L’Occitane chairman Reinold Geiger is considering taking the company private for a rumored $6.5 billion
• The company isn’t in great financial shape, with net profits declining over 50% for fiscal year 2023
• L’Occitane’s share price rose as much as 13% during Monday trading at the news

It’s time for international beauty conglomerate L’Occitane to get a financial glow-up. The company’s chairman is apparently in talks to buy out other shareholders and take the company private in a deal that could go up to $6.5 billion.

It’s the latest of several take-private deals the Hang Seng has seen after years of poor returns. The result might be a short-term boom in M&A activity, but it does bring into question the long-term future of the index without any star companies listed on it. Here’s what we know so far.