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Two years after joining the L’Occitane International SA portfolio, skincare brand Grown Alchemist is being taken private.
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L’Occitane Group has taken a majority stake in Grown Alchemist, an Australian natural skin care brand. The terms of the deal were not disclosed.
Blackstone is considering the possibility of teaming up with L’Occitane’s billionaire chairman Reinold Geiger on a buyout.
L’Occitane International S.A reported net sales of just over €1 billion ($1.13 billion) in the first half of its 2024 fiscal year, an increase of 24.9 percent at constant rates.
Liz Flora is a Beauty Correspondent at Business of Fashion. She is based in Los Angeles and covers beauty and wellness.
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