Business
L'Occitane to delist from Hong Kong Stock Exchange
L'Occitane is expected to exit the public market in August, after obtaining approval from a sufficient number of shareholders to allow such a transaction, the company announced Tuesday.
The French-founded company, which owns brands like Sol de Janiero and Elemis as well as its eponymous line, launched a formal privatization offer in April, though rumors of such a plan had been swirling since last summer. In June, it updated its offer to include the option to hold shares in the new private company in a bid to win over reluctant shareholders. The company has been listed on the Hong Kong stock exchange since 2010.
In a statement, Group Chairman Reinold Geiger, who holds more than 70% of the company's shares, said the transaction would give the group the flexibility to make longer-term business decisions and work more focused on geographies and brands. He added that it is in the interest of employees and other stakeholders, who will benefit from further growth and competitive capabilities.
LOccitane said it would send compulsory acquisition notices to all shareholders who had not agreed to sell by August 6.
Sign up for The Business of Beauty newsletteryour free, go-to source for today's most important beauty and wellness news and analysis.
Learn more:
L'Occitane is going private. Here's why.
An IPO is typically a pivotal moment in a company’s history, allowing it to cement its status as a heavyweight and prepare for expansion. In L’Occitane’s case, going public could be a bigger growth driver.
|
Sources 2/ https://www.businessoffashion.com/news/beauty/loccitane-to-delist-from-hong-kong-stock-exchange/ The mention sources can contact us to remove/changing this article |
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: cgurgu@internetmarketingcompany.BizWebsite: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or collaboration@support.exbulletin.com
 |
 |
 |
