"Blackstone's Acquisition of L'Occitane Signals Major Skin-Care Industry Move"
Blackstone is close to finalizing a deal to take L'Occitane private, potentially ending its 14-year run on the Hong Kong stock exchange. The world's largest alternative asset manager may provide debt financing for the buyout, and an announcement is expected in the coming days. Trading of L'Occitane was suspended in Hong Kong on Tuesday pending an announcement related to takeover codes.