공시 • Aug 03
L'Occitane International S.A.(SEHK:973) dropped from FTSE All-World Index (USD) L'Occitane International S.A.(SEHK:973) dropped from FTSE All-World Index (USD) 공시 • Jun 25
L'Occitane International S.A., Annual General Meeting, Sep 25, 2024 L'Occitane International S.A., Annual General Meeting, Sep 25, 2024. 공시 • Jun 13
L'Occitane International S.A. to Report Fiscal Year 2024 Final Results on Jun 24, 2024 L'Occitane International S.A. announced that they will report fiscal year 2024 final results at 4:30 PM, China Standard Time on Jun 24, 2024 공시 • Apr 30
L'Occitane International Announces Offer from L'Occitane Groupe to Take Company Private The board of directors of L'Occitane International S.A. (SEHK:973) announced that L'Occitane Groupe S.A. (‘Offeror’), the controlling shareholder of the Company, has offered to acquire all shares in the Company (other than treasury shares) that Offeror does not already own (‘Offer Shares’), with the intention to privatise and delist the Company from the Hong Kong Stock Exchange. The rationale is to allow the current management team, which would remain in place, to continue operations of the Company's business as it is and invest in long-term sustainable growth initiatives as a privately held company. Offeror is ultimately controlled by Reinold Geiger, the Chairman and director of both the Company and Offeror. Offeror and its concert parties own 72.64% of issued and outstanding shares in the Company. Offeror has offered a purchase price of HKD 34.00 per share in cash (the ‘Offer’). Offeror has indicated the offer price is final and will not be increased further. Offeror intends to finance the consideration through a combination of external debt facilities provided by Crédit Agricole Corporate and Investment Bank (CA-CIB), with additional financing capital provided by funds managed by Blackstone Inc. and its affiliates and Goldman Sachs Asset Management International or its affiliates. In response, the Board has established an Independent Board Committee (the ‘IBC’) comprised solely of dedicated independent non-executive directors to evaluate the Offer and make a recommendation to minority shareholders as to whether the Offer is fair and reasonable and as to acceptance. Somerley Capital Limited, as Independent Financial Adviser, has been appointed by the Company, and approved by the IBC, to advise the IBC in connection with the Offer. The IBC's recommendation will be included in a composite document to be jointly published by Offeror and the Company (‘Composite Document’), which will officially commence the Offer. A combination of industry dynamics and pressures of operating as a listed company underlies the rationale for the transaction. Offeror believes that, in order to maintain and invigorate the respective market shares of the Company's brands in an increasingly competitive environment, significant further investment in marketing, store refurbishment, IT infrastructure and attracting talent are of vital importance. These investments would entail incurring more expenses in order to lay the foundation for longer-term growth. The Offer provides greater flexibility to the Company, as a privately-operated business, to pursue strategic investments and more efficiently implement strategies, free from the pressures of the capital markets' expectations, regulatory costs and disclosure obligations, share price fluctuations, and sensitivity to short-term market and investor sentiment. This flexibility is particularly important because competition in the global skincare and cosmetics industry continues to intensify with the entry of new international and local brands. Privatising the Company would better address these challenges by enabling the Company to more efficiently and effectively implement strategies that are vital for longer-term sustainable growth. The Offer is subject to a minimum 90% acceptance threshold by shareholders other than Offeror or its concert parties (the ‘Disinterested Shareholders’). Offeror intends to conduct a squeeze-out of shares not tendered to the Offer, if it acquires not less than 90% of Offer Shares held by Disinterested Shareholders by 26 August 2024 (or as otherwise extended). 공시 • Apr 09
L'Occitane International S.A. to Report Q4, 2024 Results on Apr 23, 2024 L'Occitane International S.A. announced that they will report Q4, 2024 results at 4:30 PM, Central European Standard Time on Apr 23, 2024 공시 • Feb 06
Blackstone Reportedly Considering Takeover Bid for L'Occitane Blackstone Inc. (NYSE:BX) is considering a bid for L'Occitane International S.A. (SEHK:973), according to people familiar with the matter. The private equity firm has been conducting preliminary due diligence as it evaluates a potential offer for L'Occitane, the people said. Blackstone is considering the possibility of teaming up with L'Occitane's billionaire Chairman Reinold Geiger on a buyout, according to the people, who asked not to be identified discussing private deliberations. 공시 • Jan 19
L'Occitane International S.A. to Report Q3, 2024 Results on Jan 30, 2024 L'Occitane International S.A. announced that they will report Q3, 2024 results at 4:30 PM, Central European Standard Time on Jan 30, 2024 공시 • Jan 05
L'Occitane International S.A. (SEHK:973) agreed to acquire Dr. Vranjes Firenze s.r.l. Unipersonale from BlueGem II LP, a fund managed by BlueGem Capital Partners LLP. L'Occitane International S.A. (SEHK:973) agreed to acquire Dr. Vranjes Firenze s.r.l. Unipersonale from BlueGem II LP, a fund managed by BlueGem Capital Partners LLP on January 4, 2024. The completion of the transaction is expected at the end of the first quarter of 2024. N.M. Rothschild & Sons Limited, New Deal Advisors SpA, BPER Banca SpA (BIT:BPE) acted as financial advisors, Deloitte UK acted as accountant, Latham & Watkins (London) LLP, Galgano, DLA Piper Group, Gattai, Minoli, Agostinelli & Partners acted as legal advisors to BlueGem Capital Partners. Legance - Avvocati Associati, Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal advisors, Lempriere Capital Partners, Financial Advisory Arm acted as financial advisor to L'Occitane in this transaction. 공시 • Nov 11
L'Occitane International S.A. to Report First Half, 2024 Results on Nov 28, 2023 L'Occitane International S.A. announced that they will report first half, 2024 results on Nov 28, 2023 공시 • Aug 17
L'Occitane Confirms Owner Mulls Buyout L'Occitane International S.A. (SEHK:973) confirmed that its controlling shareholder, Reinold Geiger, is considering a potential deal for the shares he does not already own but highlighted that no final decision has been made yet. The billionaire chairman is contemplating a possible transaction that will see him make a conditional voluntary general offer under the takeovers code, the company said in a statement, adding that no deal is certain yet and no definite plans have been approved. The statement followed a Bloomberg report saying that L’Occitane’s controlling shareholder is in advanced talks on a potential deal to take the business private at a valuation of around USD 6.5 billion (EUR 5.94 billion). The skin-care firm further said in the statement that the reported offer price, speculated to be HKD 35.00 per share, is false and without basis, noting that any potential offer price would be no less than HKD 26.00 apiece. 공시 • Jul 25
L'Occitane International S.A. to Report Q1, 2024 Results on Jul 25, 2023 L'Occitane International S.A. announced that they will report Q1, 2024 results on Jul 25, 2023 공시 • Jun 28
L'Occitane International S.A., Annual General Meeting, Sep 27, 2023 L'Occitane International S.A., Annual General Meeting, Sep 27, 2023. Agenda: To approve final dividend for the year 2023. 공시 • Jun 27
L'Occitane International S.A. Proposes Final Dividend for the Year Ended March 31, 2023, Payable on October 20, 2023 L'Occitane International S.A. proposed final dividend of EUR 0.03129 for the Year Ended March 31, 2023, payable on October 20, 2023. Ex-dividend date: October 3, 2023. Record date: October 10, 2023. 공시 • Jun 13
L'Occitane International S.A. to Report Q4, 2023 Results on Jun 26, 2023 L'Occitane International S.A. announced that they will report Q4, 2023 results on Jun 26, 2023