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    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

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    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

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    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

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Blackstone weighs bid for HK-listed luxury skincare firm L’Occitane: report

February 7, 2024
in Business
Blackstone weighs bid for HK-listed luxury skincare firm L’Occitane: report
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Blackstone Inc is considering a bid for skincare company L’Occitane International, Bloomberg News reported on Monday, citing people familiar with the matter.

The private equity giant has been considering preliminary due diligence as it evaluates a potential offer while also considering the possibility of teaming up with L’Occitane’s billionaire chairman Reinold Geiger on a buyout, the report added.

Blackstone declined to comment, while L’Occitane did not immediately respond to Reuters request for comment.

The Hong Kong-listed skincare specialist company’s controlling shareholder had decided against a deal to take the company private in September last year.

The buyout offer was from Geiger’s investment holding company, L’Occitane Groupe SA, at a time when Hong Kong emerged as an epicentre of buyout deals and several firms from the West were looking to boost exposure in the rapidly growing Chinese market.

L’Occitane could also attract interest from other suitors, the report said, citing the people, adding that deliberations are at an early stage, and there is no certainty they will lead to a proposal.

Reuters

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Copyright for syndicated content belongs to the linked Source : DealStreetAsia – https://www.dealstreetasia.com/stories/blackstone-bid-for-loccitane-382083/

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