The chairman and billionaire owner of L'Occitane International SA is close to making a proposal to take the French skin-care firm private in a deal that could value it at about $7 billion including debt,

L’Occitane’s billionaire owner Reinold Geiger is nearing the completion of a bid to take the company private. The deal would see Geiger’s investment holding company, L’Occitane Groupe, acquire the outstanding company shares. This would value the luxury skin care firm at an estimated US$7bn including debts.

Reinhold Geiger is considering making an offer for the L’Occitane shares he does not already own at HK$33 to HK$34 apiece as early as Monday.

In a bold move that could reshape the luxury skincare landscape, Reinold Geiger, the billionaire owner of LOccitane International, is reportedly preparing a lucrative offer to privatize the renowned

Reinold Geiger, billionaire owner of L’Occitane International SA, is reportedly nearing a bid to privatize the skin-care giant in a deal that could value the company at approximately US$7 billion, including debt.

The billionaire owner of L'Occitane International is close to making a proposal to take the French skincare firm private as early as today in a deal that could value it at about $7 billion including debt,

According to Bloomberg, the deal, estimated to be around $7 billion, inclusive of debts, would see Geiger acquiring the remaining shares he doesn't already own at a per-share price ranging from HK$33 to HK$34.