L’Occitane Shares Shed 30% After Owner Shelves Take-Private Deal

Hong Kong-listed skincare specialist L’Occitane International SA shares fell almost 30 percent on Tuesday after its chairman and controlling shareholder said he decided against a deal to take the company private, curbing speculation of a European listing.

L’Occitane’s stock slid to HK$19.70 in early trading after chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, decided not to go ahead with a take-private…