L'Occitane news and archive

L’Occitane halts trading ahead of possible buyout announcement

Cosmetics giant L’Occitane has announced that it has halted the trading of its shares pending an announcement related to takeover and merger codes. The revelation comes amid recent media speculation suggesting that asset management firm Blackstone Inc. was circling the skincare group, mulling a bid while conducting preliminary due diligence, as...

Business

L’Occitane delivers 18.9 percent sales growth

L’Occitane sales in the nine months period reached 1,915.3 million euros, representing 18.9 percent growth at reported rates and 24.8 percent at constant rates. The company said that the growth was mainly driven by the continued outperformance of Sol de Janeiro, the positive performance of Elemis and the steady growth of L’Occitane en Provence...

People |Beauty Featured

L’Occitane Group appoints Laurent Marteau as group CEO

Premium French beauty and wellness group L’Occitane has confirmed Laurent Marteau as its new group chief executive officer as it looks to evolve its leadership structure. In a statement, L’Occitane said that the responsibilities of the chief executive officer and group managing director will be combined into one role, effective April 1, as the...

Business

L’Occitane acquires Italian fragrance brand Dr. Vranjes Firenze

The L’Occitane Group has acquired Italian luxury home fragrance brand Dr. Vranjes Firenze. The company said in a statement that the development marks another step in the group’s strategy to build a geographically balanced portfolio of strong premium beauty and fragrance brands. Commenting on the acquisition, Reinold Geiger, chairman of the L’...

Business

L’Occitane reports strong H1 sales growth

For the six month period, L’Occitane International reported net sales of 1,072 million euros, representing 19 percent growth at reported rates. The company said in a statement that Sol de Janeiro’s sales were modified due to a reclassification of sales in the marketplace channel, hence the group’s comparable net sales during the period amounted...

L’Occitane records strong sales momentum in H1

L’Occitane International S.A. reported net sales amounting to 1,072 million euros in the six months period, representing growth of 18.5 percent at reported rates or 24.9 percent at constant rates. The company said that the growth was mainly driven by the outperformance of Sol de Janeiro and the steady growth of L’Occitane en Provence with the...

Business

L’Occitane owner reportedly in ‘advanced talks’ to take cosmetics group private

French cosmetics giant L’Occitane could be taken private by its controlling shareholder ahead of a potential European listing, according to a report. L’Occitane CEO and chair Reinold Geiger is considering an offer of about 35 Hong Kong dollars for each L'Occitane share he doesn't already own, Bloomberg News reports, citing sources familiar with...

Business

L’Occitane reports Q1 sales increase of 20.2 percent

L’Occitane International S.A. reported net sales of 502.2 million euros in the first quarter, representing growth of 20.2 percent at reported rates or 24.5 percent at constant rates. The company said in a preliminary results statement that the growth was mainly driven by the outstanding performance of Sol de Janeiro and the decent growth of L’...

Business

L’Occitane joins virtual store revolution with Emperia experience

French beauty brand L’Occitane has entered the digital world with the launch of a virtual store experience designed to transport its heritage and products into a new setting. Created by virtual store developer Emperia, the platform exhibits an online retail environment that communicates the brand’s narrative beyond the physical world, in a bid...

Business

L’Occitane's FY23 sales cross 2 billion euros

Beauty retailer L’Occitane International S.A. net sales grew 19.8 percent at reported rates to 2,134.7 million euros in FY23, exceeding the 2 billion euros mark for the first time. Excluding the impact of the de-consolidation of the US subsidiary last year, the company said, sales grew 17.9 percent at reported rates and 13.4 percent at constant...

Business

L’Occitane records strong sales growth

L’Occitane International S.A. in its unaudited update for the year ended 31 March 2023 said net sales reached 2,134.7 million euros , representing 17.9 percent growth at reported rates or 13.4 percent growth at constant rates. The group’s sales performance in the fourth quarter rose 20.6 percent at constant rates. On a like-for-like basis, i.e....

Retail |Beauty

L’Occitane expands in Canada and unveils new store concept

French luxury skincare, bodycare and fragrance brand L’Occitane have opened new store locations and unveiled a new concept in Canada as it targets expansion in the region. The openings include the first L’Occitane concept store that combines new eco-friendly and modular construction techniques with the core elements of its True Stories design...