Billionaire Reinhold Geiger Close to US$7 Billion Buyout of L’Occitane

Monday, 29 April 2024, 02:36

Billionaire Reinhold Geiger is reportedly in talks to acquire the remaining shares of L’Occitane for a significant sum, potentially reaching US$7 billion. Geiger is considering an offer at a price range of HK$33 to HK$34 per share, with plans to move forward with the takeover as early as Monday. This acquisition could have a substantial impact on the global beauty and retail sectors, reshaping the landscape of the industry with a major buyout of a well-known brand.

https://store.livarava.com/84ff30c5-05d1-11ef-a6c0-63e1980711b2.jpg — Billionaire Reinhold Geiger Close to US$7 Billion Buyout of L’Occitane

Billionaire Geiger Nearing US$7 Billion L’Occitane Buyout

Billionaire Reinhold Geiger is considering making an offer for the L’Occitane shares he does not already own at HK$33 to HK$34 apiece as early as Monday.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Billionaire Geiger Nearing US$7 Billion L’Occitane Buyout

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