L'Occitane gains listing on Hong Kong stock exchange

Published: 29-Mar-2010
Finance

French natural cosmetics group L\'Occitane has been given approval to list on the Hong Kong stock exchange

French natural cosmetics group L'Occitane has been given approval to list on the Hong Kong stock exchange for an initial public share offering of between $400m and $600m. The flotation could potentially take place in May and will make L’Occitane the first French company to list in Hong Kong. 

L'Occitane has seen strong growth in the region and Asia now accounts for about 40% of total sales. Sources are now being quoted as saying that the listing makes sense in terms of L'Occitane's strategy of penetrating the Chinese market and its plans for regional growth. Its products are viewed in Asia as affordable luxury items.

The company was set up in 1976 at Manosque in upper Provence and posted sales in the 12 months to March 2009 of $731m with 86% of total sales coming from international markets.
  • Companies:
  • L'Occitane
See more

You may also like

Finance

L'Occitane fends off lawsuit over online privacy violations

Read more
Law firm Zimmerman Reed and 3,144 customers claimed that the company's website tracking tools violated consumer privacy

Trending Articles

  1. LVMH’s revenue dips despite ‘remarkable growth’ from Sephora The giant’s Selective Retailing and Perfumes & Cosmetics divisions delivered strong sales despite the ‘uncertain’ economic climate
  2. You need to be a subscriber to read this article.
    Click here to find out more.
    Exclusive: Glossier reopens UK Black Beauty Grant Programme In partnership with Black Girl Fest, the brand is looking to once again provide funding to five ‘early stage’ Black beauty founders in the UK
  3. L'Occitane fends off lawsuit over online privacy violations Law firm Zimmerman Reed and 3,144 customers claimed that the company's website tracking tools violated consumer privacy
  4. Beiersdorf Q1 sales top €2.6 billion as Nivea drives growth Beiersdorf’s derm brands Eucerin and Aquaphor also reported double digit growth during the quarter
  5. L’Oréal USA promotes Silvia Galfo to President of Luxe Division Galfo, previously Chief Growth Officer of the beauty group’s US subsidiary, will replace Megan Grant

Upcoming event

CCE Safety Assessment Module 3, Toxicology 2

23 April 2024 | Virtual See all

You may also like

Finance

L'Occitane fends off lawsuit over online privacy violations

Law firm Zimmerman Reed and 3,144 customers claimed that the company's website tracking tools violated consumer privacy
Skin Care

L’Occitane halts trading ahead of anticipated Blackstone takeover

Owner Reinhold Geiger and the private equity company are reportedly nearing a deal of the French beauty company
Finance

L'Occitane sells Grown Alchemist to ex-CEO

The French beauty group sold its majority stake to its outgoing chief executive Andre Hoffman
Finance

Supergoop! owner Blackstone eyes L’Occitane International

The US private equity firm is evaluating a potential buyout bid, says Bloomberg
Finance

Sol De Janeiro's bumper sales outpace L’Occitane’s flagship brand

Elemis also returned to double-digit growth during the quarter following a solid holiday trading period
Recruitment

L'Occitane Group names Laurent Marteau Group CEO in leadership shake-up

Marteau will take on the new position from 1 April 2024, replacing acting Group CEO André J Hoffmann
Fragrance

L’Occitane Group to acquire home fragrance brand Dr. Vranjes Firenze

Purchase fits group’s strategy to build a geographically balanced portfolio of premium brands
Subscribe now