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Top related persons:
Reinold Geiger - 2 Geiger - 2 L'Occitane International's - 1 J.P - 1 Morgan - 1 doesn’t - 1 didn’t - 1 Una Galani - 1
Top related locs:
Hong Kong Austrian Luxembourg MUMBAI Europe France China Una
Top related orgs:
HK - 2 U.S - 1 L'Occitane Groupe - 1 L'Occitane International S.A - 1 Prada - 1 Bloomberg - 1 X - 1 Thomson - 1

Search resuls for: "Reinold Geiger"


2 mentions found


☆ L'Occitane's billionaire owner to take firm private in $1.8 billion deal
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: +1 min
Hong Kong-listed L'Occitane International 's chairman and controlling shareholder will take the French skin-care firm private, valuing it at a maximum of HK$13.91 billion (US$1.78 billion), the company said on Monday. As part of the deal, Austrian billionaire Geiger's investment holding company L'Occitane Groupe in Luxembourg will pay HK$34 for each share not already owned, representing a 30.8% premium to the stock's last close of HK$26 on Feb. 5. L'Occitane Groupe owned 72.39% of the cosmetics company at March-end. The investment holding firm does not intend to increase the offer price for the deal, which comes a few months after Geiger shelved a buyout attempt for the company. J.P. Morgan will be the financial advisor for L'Occitane Groupe.
Persons: Reinold Geiger, Geiger, L'Occitane International's, J.P, Morgan Organizations: HK, Reuters, U.S, L'Occitane Groupe Locations: Hong Kong, Austrian, Luxembourg
☆ Shelved L’Occitane buyout is no win for Hong Kong
  + stars: | 2023-09-05 | by ( ) www.reuters.com   time to read: +2 min
A woman walks past a L'Occitane advertisement in Hong Kong April 19, 2010. Cosmetics retailer L'Occitane International S.A. plans to raise up to $708 million in a Hong Kong initial public offering, a source close to the deal said on Sunday night. Reinold Geiger has given up on his tentative plan to buy out the minority of shares he doesn’t already own of L’Occitane (0973.HK), a move that would have delisted the European skincare group from Hong Kong in the Asian hub’s largest take-private. The Austrian billionaire didn’t explain why he shelved the idea, which was probably a prelude to a relisting in Europe – mostly likely France. The appeal of such a move is unlikely to have diminished as global investors turn cold on both Hong Kong and China stocks, possibly for the long term.
Persons: Reinold Geiger, doesn’t, didn’t, Geiger, Una Galani, Thomas Shum Organizations: L'Occitane International S.A, Reuters, HK, Prada, Bloomberg, X, Thomson Locations: Hong Kong, MUMBAI, Austrian, Europe, France, China, Una
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