L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 28 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Reinold Geiger News

Bloomberg News,L'occitane Groupe SA,L'occitane International

Chairman Reinold Geiger's investment holding company, L'Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm's shares he does not...

FILE PHOTO: Cosmetic products displayed in the window of a L’Occitane cosmetics store in central Paris

Earlier in the month, Reuters reported that Geiger was in advanced discussions with investors and lenders and was planning to make an attempt to buy out the company, months after he had shelved a previous attempt, according to two sources. Here’s How Much You’d Have Now If You Invested $1,000 in Warren Buffett’s Berkshire Hathaway 10 Years AgoMost retirees live on a fixed income, so they look for ways to cut down on expenses and save money. This isn't always easy to do, especially if you already feel like you're living with the least...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blackstone nears take-private deal for L'Occitane, Bloomberg News reportsThe $5.55-billion French cosmetics company earlier in the day halted trading in its Hong Kong shares ahead of an announcement that may potentially spell out ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Billionaire Geiger Is Said to Near $7 Billion L’Occitane BuyoutL’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about $7 billion including debt.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

L'Occitane International SA Nears Deal to Go Private with Blackstone's HelpL'Occitane International SA's owner Reinold Geiger is close to finalizing a deal to take the skin-care company private with funding assistance from Blackstone Inc., potentially ending its 14-year run on Hong Kong's stock exchange.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Walmart ex-chairman Rob Walton to retire from boardAfter joining the company in 1969, Walton held several roles, including senior vice president, corporate secretary, general counsel and vice chairman. 'His ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »