L’Occitane shares jump as owner mulls deal to take group private
Beauty and skincare brand L’Occitane saw a jump in share price on the Hong Kong Stock Exchange as the controlling shareholder is in advanced talks on a potential deal to take the company private.
The company’s chair and chief executive, Reinold Geiger, controls three-quarters of the shares of L’Occitane and is in advanced talks to take the firm private at a valuation of around $6.5bn (£5.1bn).
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