HONG KONG -- French cosmetics brand L'Occitane International is set to withdraw its listing from the Hong Kong Exchange, meaning the bourse stands to lose one of its few non-local, non-mainland companies at a time when it is promoting itself globally as a place to go public.
IPO
L'Occitane to go private in blow to Hong Kong bourse's global image
French cosmetics company to delist while city promotes itself as IPO destination
Cosmetics are displayed in the window of a L’Occitane store in central Paris in February. © Reuters
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