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Blackstone Considers Bid for L'Occitane International, Bloomberg Reports

By Denny Jacob


--Blackstone is considering a bid for L'Occitane International, Bloomberg reports, citing people familiar with the matter.

--The investing giant has been conducting preliminary due diligence as it evaluates a potential offer for the skincare company, according to the report.

--Blackstone is considering the possibility of teaming up with L'Occitane Chairman Reinold Geiger, who considered taking the company private last year, reports Bloomberg.

--Deliberations are at an early stage, and there is no certainty they will lead to a proposal, according to the report. L'Occitane could also attract interest from other suitors, it said.


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(END) Dow Jones Newswires

February 05, 2024 13:19 ET (18:19 GMT)

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