L’Occitane halted trading on the Hong Kong Stock Exchange on September 13 and will officially delist on October 16, ending its 14-year listing. Chairman Reinold Geiger proposed to buy the remaining shares at HK$34 each ($4.35), valuing the deal at around 6 billion euros ($6.4 billion), with support from Blackstone and Goldman Sachs. As of its last trading day, L’Occitane’s market value was about HK$49.7 billion ($6.4 billion). The company has been streamlining, selling sub-brand Grown Alchemist and appointing Laurent Marteau as CEO. L’Occitane stated that delisting would allow more flexibility for long-term decisions.