THE WHAT? Blackstone is said to be poised to sign on the dotted line in a deal that will take, L’Occitane Group into private ownership. Trading of the natural beauty brand was suspended on Tuesday, with stock closing at HK$29.50.
THE DETAILS According to a report published by Bloomberg, quoting sources ‘familiar with the matter’, Blackstone will provide debt financing to L’Occitane owner Reinold Geiger. Geiger is said to be mulling an offer of HK$26 per share.
THE WHY? Both Blackstone and L’Occitane declined to comment when contacted by Bloomberg. The news agency suggests that the move is an indication that Reinold has initiated a succession plan for the firm.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
-
Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
-
Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
-
Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
-
Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
-
Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
