L’Occitane Mulls Return to Stock Market, Eyes IPO Two Years Post-Delisting

L’Occitane is once again approaching the stock market. The company, which operates in the cosmetics sector, has hired JP Morgan and Morgan Stanley to evaluate a possible IPO in the United States, according to Bloomberg.

The operation, which would take place this year, would represent the return to the stock market of L’Occitane, which was delisted in 2024, when Reinold Geiger and a group of investors (including Blackstone), took control.

The French company was delisted two years ago after more than two decades on the Hong Kong Stock Exchange, in a move that valued the company at €6 billion.

L’Occitane has a network of 3,000 stores in 90 markets

Founded in 1976, L’Occitane has become a cosmetics group that operates eight brands, including the brand that gives its name to the group and others such as Sol de Janeiro, Melvita and Elemis.The company now has more than 3,000 stores in ninety markets.

The cosmetics group closed the 2024 financial year (ending March 2025) with sales of €2.8 billion. With nearly half of the business, the Americas is the company’s largest region, followed by Asia, with 30% of the total.

In February last year, L’Occitane renewed its management team with the addition of Didier Lalance as CEO. Lalance, who has a long track record in companies such as Lacoste and Kering, took over from Laurent Marteau.