L’Occitane stock goes up because a buyout is likely.

Late on Friday, the company said that Reinold Geiger, who owns most of the company’s shares, is looking for a deal to buy the ones he doesn’t already own.

Almost three-quarters of the company’s shares are already owned by Mr. Geiger.

The store has more than 3,000 locations in 90 different countries and more than 8,500 workers.

Monday, its stock price in Hong Kong went up by more than 8%, to HK$27.75.

The L’Occitane en Provence name is well-known for its luxury creams, soaps, and oils, as well as its yellow packaging. Since it began in a small truck at a market in Provence, France, it has grown a lot.

The group now has brands like Elemis collagen products and the Korean beauty brand Erborian. In its most recent annual report, it said that it made €239m (£206m) in the year ending on March 31.

On Friday, the Hong Kong Stock Exchange stopped trading L’Occitane International’s shares after Bloomberg News said that Mr. Geiger was in advanced talks to take the company private.

The company could be worth around $6.5 billion (£5.1 billion), or as much as HK$35 ($4.47; £3.53) per share, according to a business news station.

But L’Occitane said in an exchange filing that reports that the buyout price could be that high were “false and without basis,” but if a deal did happen, the possible offer price wouldn’t be less than HK$26 per share.

L’Occitane Groupe, which is owned by Mr. Geiger, owns more than 70% of the chain.

In the last month, the shares of the company have gone up by more than 40%.

Its most recent yearly report showed that it made net sales of €2.13 billion ($2.33 billion; £1.84 billion) around the world in the last financial year, which was up nearly 20% from the previous year.

It was proud of promoting its recycling and sustainability programs, but in April of last year, it changed its mind and decided not to close its shops and websites in Russia.

The company said it was making the change because of “horrendous human suffering and rising military action in Ukraine.”

L’Occitane had told the BBC the week before that it was keeping its stores open to protect its employees from possible “retaliation.”

Some customers were unhappy with the company’s choice and even asked for the brand to be avoided.

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