Reinold Geiger offered to acquire the remaining 27.36% stake in L'Occitane International, a natural cosmetics and well-being products manufacturer and retailer, for €1.7bn. "Our family has always taken a responsible, long-term view when it comes to developing our company. The cosmetics sector is undergoing profound changes, and our company has significantly transformed into a geographically balanced multi-brand group, marked by strategic acquisitions such as ELEMIS, Sol de Janeiro, and, most recently, Dr. Vranjes Firenze. The transaction we are launching today will enable us to focus on rebuilding the foundation for the long-term sustainable growth of our company," Reinold Geiger, L'Occitane International Chairman and Director.