Former L’Occitane CEO Looks to Acquire, Privatize the Company
L’Occitane Groupe, the controlling shareholder of L’Occitane International, has submitted an offer to acquire the remaining shares of the French beauty retailer in a bid to take the company private. L’Occitane Groupe, which is controlled by former L’Occitane CEO Reinold Geiger, currently owns 72.64% of the company and is proposing a buyout of the remaining…