L’Occitane makes biggest buy to date

Luxury cosmetics company L’Occitane has agreed to buy UK skincare brand Elemis for $900m, in what will be its biggest acquisition since it listed at the turn of the decade.

  • By Mike Turner
  • 14 Jan 2019

Hong Kong listed L’Occitane will finance the acquisition using cash on hand and bank loans, the company said over the weekend.

The transaction is due to close in the first quarter of this year.

This will be L’Occitane’s biggest ...

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