August 9, 2011

L'Occitane ups stakes in units to expand market share

August 9 - L'Occitane International S.A. said on Tuesday it had bought the 49.9 percent stakes it did not already owned in L'Occitane Suisse S.A. and in L'Occitane (Korea) Ltd from Clarins B.V., as it aims to expand its markets.

L'Occitane en Provence.

The French cosmetics maker also said it had taken over the distribution of its products in Malaysia through the purchase of L'Occitane Malaysia Sdn Bhd from Clarins Sdn Bhd.

The company, which gave no price for the acquisitions, said the deals would allow it to carry out its marketing and distribution strategy as it aims to increase market share in Switzerland, South Korea and Malaysia.

L'Occitane had said in June that it would continue to invest in new stores in emerging and fast-growing developed markets in fiscal 2012.

(Reporting by Donny Kwok; Editing by Ken Wills)

archives L’Occitane

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12/16/11
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12/5/11
Morocco Mall: an XXL center
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11/28/11
Comestics group L'Occitane sees slowing China sales
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11/28/11
L'Occitane says fiscal H1 profit down 3 pct
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6/27/11
L'Occitane says to invest more in emerging markets, more...
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6/16/11
Samsonite falls 11 pct in HK debut; bodes ill for Prada
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6/6/11
Prada4s $2.6 billion HK IPO values company above European peers
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6/5/11
Investors stay wary before Prada's IPO show
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6/1/11
Global luxury brands flock to Hong Kong bourse
...chain L'Occitane raised more than $700 million in the financial hub last year. The Italian fashion house, which includes the Prada, Miu Miu, Church's and Car Shoe brands, is expected to raise as much as...
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5/30/11
Samsonite sets price range for $1.5 billion HK IPO
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4/8/11
Coach mulling Hong Kong listing
...retailer L'Occitane have also looked to raise funds from the Hong Kong market. (Reporting by Phil Wahba; editing by John Wallace)
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3/31/11
Prada has filed IPO papers in Hong Kong
...retailer L'Occitane (0973.HK) who have looked to raise funds from the Hong Kong market and to benefit from higher valuations. The Asia and Pacific region is Prada's fastest-growing market. The fashion...
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3/30/11
Prada to file HK IPO documents Friday
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2/22/11
Luggage-maker Samsonite plans Hong Kong share sale
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1/28/11
Prada first Italian company to seek HK listing
...footsteps of L'Occitane, the French skincare products maker which floated in Hong Kong last year. The luxury goods sector has staged a strong rally in 2010, helped by tourist shoppers in Europe and in China....
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5/9/10
French L'Occitane down 8 percent in Hong Kong debut
...retailer L'Occitane International S.A., the first French company listing in Hong Kong, fell about 8 percent on their $708 million Hong Kong trading debut.
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5/2/10
France's L'Occitane raises $708 million in Hong Kong IPO
...retailer L'Occitane, the first French company to go public in Hong Kong, raised $708 million after pricing its Hong Kong initial public share offering at top of the indicative range, sources said.
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4/19/10
France's L'Occitane in $708 million Hong Kong IPO
...retailer L'Occitane International S.A. plans to raise up to $708 million in a Hong Kong initial public offering, a source close to the deal said, becoming the first French company to list in Hong Kong.
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