L’Occitane Groupe Considers US IPO After 2024 Take-Private Agreement

Key Takeaways

L’Occitane Groupe plans an initial public offering (IPO) in the US, potentially this year.
The company, taken private in 2024, is collaborating with JPMorgan Chase & Co. and Morgan Stanley for the listing.
L’Occitane posted €2.8 billion in sales for the financial year ending March 31, 2025, with the Americas as its largest market.

Overview of L’Occitane’s IPO Plans

L’Occitane Groupe is reportedly eyeing an initial public offering (IPO) in the United States as early as this year. This move comes after the company was taken private in 2024 by billionaire owner Reinold Geiger. The decision to consider a US listing is seen as a significant shift for the skincare group, which has a diverse portfolio of brands and a global presence.

According to sources familiar with the situation, L’Occitane is working alongside financial heavyweights JPMorgan Chase & Co. and Morgan Stanley to facilitate the potential IPO. The company previously listed on the Hong Kong stock exchange for 14 years before transitioning to private ownership, a deal that was valued at €6 billion based on its equity.

Founded in 1976, L’Occitane has expanded to operate eight distinct brands, which include well-known names such as Elemis, Sol De Janeiro, and Melvita. The company boasts over 3,000 locations across 90 countries, indicating a robust international footprint. In its most recent financial report, L’Occitane announced sales revenue of €2.8 billion for the financial year that concluded on March 31, 2025. The Americas emerged as its largest market, contributing 46% of total sales, followed by the Asia Pacific region, which accounted for nearly 30%.

The consideration for a new IPO underscores L’Occitane’s ambitions to re-establish its presence in the public market, a strategic move that signals confidence in its growth prospects. Investors currently show a keen interest in companies with significant scale, global outreach, and strong growth potential, particularly in the lucrative Americas market. This would position L’Occitane favorably among other beauty brands looking to gain investor interest in a competitive landscape.

As the IPO plans develop, L’Occitane appears poised to leverage its established brand recognition and financial performance metrics to attract a wide range of investors, paving the way for a successful public offering that could enhance its market standing and expand operational capabilities further.

The content above is a summary. For more details, see the source article.