(Bloomberg) Blackstone Inc. is considering a bid for skin-care company L’Occitane International SA, according to people familiar with the matter.Most Read from BloombergKing Charles Treated for Cancer in New Health Scare for MonarchyWhy NYC Apartment Buildings Are on Sale Now for 50% OffChina Tightens Some Trading Restrictions for Domestic and Offshore InvestorsEastern Europe’s Richest Woman Pivots $43 Billion Empire WestBonds Fall After ‘One-Two Punch’ of ISM, Fedspeak: Markets WrapThe priva
The private equity giant has been considering preliminary due diligence as it evaluates a potential offer while also considering the possibility of teaming up with L Occitane’s billionaire chairman Reinold Geiger on a buyout, the report added.
Brand owners who take their green credentials seriously and get accredited as B Corps are being rewarded by their retail partners or leading change in their industries.