L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports

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L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports
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Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #news -The billionaire owner of L'Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a deal that could value it at about $7 billion including debt, Bloomberg News reported.

A possible offer could value L'Occitane at about 6.5 billion euros , Bloomberg reported, adding that Blackstone Inc's tactical opportunities fund and Goldman Sachs Asset Management may provide around 1.6 billion euros in funding.

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