L’Occitane Groupe weighs potential US IPO following 2024 take-private deal

THE WHAT? L’Occitane Groupe is reportedly contemplating an preliminary public providing within the US as quickly as this yr, after being taken non-public by billionaire proprietor Reinold Geiger in 2024.

THE DETAILS The skincare group is claimed to be working with JPMorgan Chase & Co. and Morgan Stanley on the potential itemizing, in accordance with sources conversant in the matter.

L’Occitane was taken non-public in 2024, ending its 14-year itemizing on the Hong Kong inventory change, in a deal that valued the enterprise at €6 billion on an fairness foundation.

Based in 1976, the group operates eight manufacturers—together with Elemis, Sol De Janeiro and Melvita—and has a footprint of greater than 3,000 areas throughout 90 nations. In its newest monetary report, L’Occitane posted gross sales of €2.8 billion for the monetary yr ended March 31, 2025. The Americas represented its largest area at 46% of gross sales, adopted by Asia Pacific at virtually 30%.

THE WHY? A possible US IPO would sign renewed public market ambition for one among magnificence’s largest multi-brand retail teams, at a time when investor focus stays focused on scale, world attain and robust development engines—significantly within the Americas, which is at the moment L’Occitane’s greatest market by income contribution.

Supply: Bloomberg