After months of speculation, the dust could soon settle on the L’Occitane group’s privatization project. What a journey since businessman Reinold Geiger sold AMS specialised in plastic caps to end up buying L’occitane.

L’Occitane set to enter into buyout deal with Blackstone to take Hong Kong-listed French skincare private company?

L’Occitane, the company worth HK $43.47 billion, or $5.55 billion, suspended trading on the Hong Kong Stock Exchange on Tuesday morning pending the announcement of a deal.

Last September, L’Occitane’s billionaire owner Reinold Geiger spoke out against a possible privatization deal, citing unfavorable market conditions and financing structure.

Geiger, who owns more than 70 percent of the company, told investors last August that he was considering possible buyout deals that would value the company as much as HK$26, or $3.32 per share. Money always calls money, but at 76 years old where will he put all his millions of dollars? Maybe in an oak box six feet deep! Anyway he will always slip down as former ski champion.