L'Occitane news and archive

L’Occitane Group CEO Laurent Marteau steps down

The L’Occitane Group CEO Laurent Marteau has decided to step down from his role effective September 16, 2024. The company said in a statement that Marteau’s resignation reflects his desire to focus more on his personal pursuits as well as other business interests. The company’s board has established an office of the chief executive whose members...

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L'Occitane set for privatisation as it delists from the Hong Kong Stock Exchange

L'Occitane International, the Hong Kong-listed French cosmetics group, is poised to delist from the stock market after securing support from minority shareholders for its privatisation bid. The company announced on Wednesday that 91.97 per cent of shareholders had accepted the share offer, comfortably surpassing the threshold required to...

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L’Occitane posts FY24 net sales growth of 24.1 percent

L’Occitane International reported net sales of 2,541.9 million euros, exceeding the 2.5 billion euros milestone. The company said in a release that the result represents sales growth of 19.1 percent at reported and 24.1 percent at constant rates, driven by the strong performance of Sol de Janeiro and the steady performance of L’Occitane en...

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L’Occitane creates 100 percent biorecycled PET bottle

French beauty brand L'Occitane has created a 100 percent biorecycled PET (polyethylene terephthalate) bottle from enzymatic recycling in partnership with recycling company Carbios and packaging firm Pinard Beauty Pack. The transparent bottle for its shower oil from L’Occitane en Provence’s Amande range has been made utilising Carbios’ enzymatic...

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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...

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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...

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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...

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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’...

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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...

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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...

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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...

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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’...