Blackstone and Goldman Sachs would help finance the L'Occitane deal, according to recent reports.
The French skin care group’s billionaire owner, Reinold Geiger, is reportedly in talks to take the company private in a deal worth approximately $7 billion, including debt, as reported by Bloomberg News.
Geiger, who is L’Occitane’s executive director and chairman, has been mulling a move to take the company private since last July. He first became a minority shareholder in the company in 1994 and later became instrumental in orchestrating L’Occitane’s global expansion, especially in the Asian markets.
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