HONG KONG — French beauty group L’Occitane International SA said Sunday that it intends to raise as much as 5.49 billion Hong Kong dollars, or $707.2 million, through an initial public offering.
This will be the first time a French company will have listed on Hong Kong’s bourse. “We grew L’Occitane in Asia out of Hong Kong so it makes sense to go where our customers are,” explained chairman and chief executive officer Reinold Geiger during a video press conference from New York.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)