L'Occitane (973 HK): Here We Go Again
From 2018 onward, French beauty retailer L'Occitane (973 HK) has apparently drawn interest from the likes of Advent International and its controlling shareholder Chairman Reinold Geiger - amongst others.
There is substance to these "Offers" - Geiger confirmed in August 2023 he was contemplating a conditional voluntary general Offer. He holds 72.65% of shares out according to the HKEx.
The latest news, with no definitive source, is that Blackstone is mulling the possibility of teaming up with Geiger on a buyout.
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