Luxembourg-based skincare company L'Occitane en Provence is potentially facing acquisition by alternative investment firm Blackstone, as reported by Bloomberg from insider sources. Following this news, L'Occitane's shares surged by 15.4 percent to HK$30 ($3.9), reaching their highest level since February 2022. The company, initially listed on the Hong Kong Stock Exchange in 2010 due to its extensive presence in the city and strong brand recognition, currently boasts a market value of HK$42.7 billion ($5.4 billion). Last year, Chairman Reinold Geiger abandoned plans to privatize L'Occitane, causing a decline in stock prices; Geiger, who controls around 70 percent of the company through an investment vehicle, has since expressed openness to a potential joint acquisition with Blackstone.