French Skincare Firm L’Occitane Is Said to Pick Banks for US IPO

L’Occitane Groupe, the skincare retailer that was taken private by its billionaire owner Reinold Geiger in 2024, is weighing an initial public offering in the US as soon as this year, people with knowledge of the matter said.

The company is working with JPMorgan Chase & Co. and Morgan Stanley on the potential listing, said the people, who asked not to be identified as the information is private.

Geiger and his backers took L’Occitane private in 2024, ending its 14-year run on the Hong Kong stock exchange. The deal valued the skincare company at €6 billion ($7 billion) on ...