According to Bloomberg’s sources, deliberations are at an advanced stage, although a formal agreement has yet to be reached and the deal may yet fail to progress.
L’Occitane has a market value of around HKD43.6bn ($5.6bn), with 70% of the company owned by a vehicle ultimately controlled by Geiger, according to exchange filings. The group has seen declining profits in recent years, with a 51% fall in the financial year ended March 2023 from the previous year.
Source:Private Equity Wire
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