L’Occitane International SA (HK:0973) has released an update.
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L’Occitane International S.A. has been involved in a privatisation process with significant trading activity reported by Goldman Sachs (Asia) L.L.C., acting for The Goldman Sachs Group, Inc. and its affiliates. The dealings included the purchase and sale of over half a million shares and Delta 1 products, driven by unsolicited client orders, with total transactions amounting to millions of dollars. This move marks a notable change in the ownership dynamics of the well-known beauty brand.
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