Grown Alchemist taken private as L’Occitane sells stake to former CEO
Inside Retail
APRIL 2, 2024
L’Occitane Group has sold its entire stake in Australian skincare brand Grown Alchemist for 28 million euros (US$30 million) to Lavender Investments owned by Andre Hoffmann, former vice chairman and CEO of L’Occitane International. The move comes two years after L’Occitane Group acquired a majority stake in the beauty brand.
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