THE FACT THAT? L’Occitane Groupe is reportedly considering an initial public offering in the US as soon as this year, after billionaire owner Reinold Geiger took it private in 2024.
THE DETAILS The skin care group is said to be working with JPMorgan Chase & Co. and Morgan Stanley on the potential listing, according to sources familiar with the matter.
L’Occitane went public in 2024, ending its 14-year listing on the Hong Kong stock exchange, in a deal that valued the company at €6 billion in equity terms.
Founded in 1976, the group operates eight brands, including Elemis, Sol De Janeiro and Melvita, and has a presence in more than 3,000 locations in 90 countries. In its latest financial report, L’Occitane recorded sales of €2.8 billion for the financial year ending March 31, 2025. The Americas represented its largest region with 46% of sales, followed by Asia Pacific with almost 30%.
THE WHY? A potential US IPO would signal renewed public market ambition for one of beauty’s largest multi-brand retail groups, at a time when investor focus remains focused on scale, global reach and strong growth drivers, particularly in the Americas, which is currently L’Occitane’s largest market by revenue contribution.
Fountain: Bloomberg
