L’Oc­c­i­tane swoops on Elemis in $900m deal

The Daily Telegraph - Business - - Business -

Cos­met­ics com­pany L’Oc­c­i­tane has bought skin­care range Elemis for around $900m (£700m) in a bid to push into both the US and UK. L’Oc­c­i­tane pur­chased both Elemis USA and British com­pany Elemis Ltd, ac­cord­ing to a fil­ing in Hong Kong. “This is L’Oc­c­i­tane’s largest ac­qui­si­tion since list­ing,” said boss Reinold Geiger.

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