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French beauty giant L'Occitane dives as go-private talks called off
French beauty giant L'Occitane dives as go-private talks called off
Business and Economy
by  AFP

Shares in French beauty brand L'Occitane plunged by a record of almost 30 percent in Hong Kong on Tuesday after its chairman called off talks on taking the firm private. Bloomberg News reported in July that chairman Reinold Geiger was studying options for taking the brand private, using a holding company that owned more than 70 percent of its shares.