Sales: $1.6 billion.
Key Personnel: Reinold Geiger, executive director, chairman and chief executive officer; Silvain Desjonquères, group managing director; André Hoffmann, executive director and vice chairman; Thomas Levilion, executive director and group deputy general manager; Karl Guénard, executive director and joint company secretary.
Major Products: Personal care, skin care and fragrance sold under L’Occitane en Provence, L’Occitane au Brésil, Melvita, Le Couvent des Minimes and Erborian.
New Products: L’Occitane Limited Edition Summer Verbena Collection; Delicious Lip Scrubs; Fruity Lipstick; Radiance Scrub; Soothing and Purifying Masks; Almond Shower Shake.
Comments: L’Occitane International boasts 1,572 company-owned stores around the world, 86 of which are in France.
Leading company news this year is its skin care expansion. L’Occitane International S.A. revealed it will acquire Elemis for $900 million in cash. The company is being sold by Steiner Leisure Limited, a portfolio company of L Catterton. Elemis offers four beauty franchises, while capitalizing on its five strategic distribution channels: digital, retail distribution, QVC, professional spa and maritime, according to the company.
In other news, The L’Occitane Group is opening a new L’Occitane en Provence concept store in New York City. The 1,870-square foot store located at 555 Fifth Avenue is described as a unique immersive destination that will communicate the brand’s signature pillars through a range of interactive customer touchpoints.
Designed by L’Occitane’s international artistic director Daniel Contorni and Paul Blackburn, vice president of concept design, construction and merchandising, the store will be “an evolutive space continuously changing to highlight seasonal campaigns,” said the brand.
While the existing L’Occitane experiential boutique at Flatiron continues to offer exceptional service and skin care innovation, this new spot will be “more disruptive and attract new customers, encourage engagement and produce user-generated content for social media,” according to brand.
L’Occitane en Provence remains the Group’s core brand, accounting for 87.4% of total net sales.