<p>Bad news for K-pop star SEVENTEEN’s Mingyu as his private images taken during an advertisement shoot got leaked without his consent. Mingyu was a part of a shoot for French luxury brand L'Occitane. One of its employees is under fire for reportedly leaking images from the set.</p>

<p>A South Korean media outlet Herald Pop reported that the employee in question has been suspended for this irresponsible behaviour. Also, the brand’s Korean division has issued an official apology.</p>

<h2><strong>Brand apologised for employee's irresponsible behaviour</strong></h2>

<p>L'Occitane Korea accepted full responsibility and said on its SNS profiles, "We sincerely apologise for the recent incident involving the unauthorised release of photos from the L'Occitane Asia Ambassador campaign, which were improperly distributed on the personal social media account of one of our employees. We acknowledge that there is no excuse for this breach and fully accept responsibility for what has occurred.</p>

<p>“We take this matter with the utmost seriousness, and we deeply regret the distress caused to the artist and all the fans. We extend our deepest apologies to them.”</p>

<p>The luxury brand also confirmed that the employee responsible for the outrage has been “completely removed from all duties, and immediate disciplinary action(Suspension) has been enforced.”</p>

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<p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;"><a href="https://www.instagram.com/p/C_cSCArS5WW/?utm_source=ig_embed&amp;utm_campaign=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;" target="_blank">A post shared by 록시땅 코리아 L'OCCITANE en Provence (@loccitanekorea)</a></p>
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<p>Stricter measures have also been put in place as the brand promises to “implement a comprehensive and regular training program for all employees. This program will emphasise the critical importance of respecting the copyrights, portrait rights, publicity rights, and privacy of our brand ambassador.”</p>

<p><strong>Also read:</strong>&nbsp;<a href="https://www.wionews.com/entertainment/matthew-perry-death-trial-date-set-for-ketamine-queen-and-doctor-involved-in-case-755725">Matthew Perry death: Trial date set for 'Ketamine Queen' and doctor involved in case</a></p>

<p>Even though the brand was quick to apologise, fans sounded dissatisfied with the same and asked for stricter punishment for the suspended employee. Many fans asked for his termination from L’Occitane Asia Ambassador.</p>


Bad news for K-pop star SEVENTEEN’s Mingyu as his private images taken during an advertisement shoot got leaked without his consent. Mingyu was a part of a shoot for French luxury brand L'Occitane.

Bad news for K-pop star SEVENTEEN’s Mingyu as his private images taken during an advertisement shoot got leaked without his consent. Mingyu was a part of a shoot for French luxury brand L'Occitane. One of its employees is under fire for reportedly leaking images from the set. A South Korean media outlet Herald Pop reported that the employee in question has been suspended for this irresponsible behaviour. Also, the brand’s Korean division has issued an official apology. Brand apologised for employee's irresponsible behaviour L'Occitane Korea accepted full responsibility and said on its SNS profiles, "We sincerely apologise for the recent incident involving the unauthorised release of photos from the L'Occitane Asia Ambassador campaign, which were improperly distributed on the personal social media account of one of our employees. We acknowledge that there is no excuse for this breach and fully accept responsibility for what has occurred. “We take this matter with the utmost seriousness, and we deeply regret the distress caused to the artist and all the fans. We extend our deepest apologies to them.” The luxury brand also confirmed that the employee responsible for the outrage has been “completely removed from all duties, and immediate disciplinary action(Suspension) has been enforced.” View this post on Instagram A post shared by 록시땅 코리아 L'OCCITANE en Provence (@loccitanekorea) × Stricter measures have also been put in place as the brand promises to “implement a comprehensive and regular training program for all employees. This program will emphasise the critical importance of respecting the copyrights, portrait rights, publicity rights, and privacy of our brand ambassador.” Also read: Matthew Perry death: Trial date set for 'Ketamine Queen' and doctor involved in case Even though the brand was quick to apologise, fans sounded dissatisfied with the same and asked for stricter punishment for the suspended employee. Many fans asked for his termination from L’Occitane Asia Ambassador.

SEVENTEEN star Mingyu's private pics get leaked from brand shoot, sparks outrage

<p class="MsoNormal"><b style="mso-bidi-font-weight:normal"><span lang="EN-GB" style="mso-ansi-language:EN-GB"><o:p></o:p></span></b><span lang="EN-GB" style="mso-ansi-language:EN-GB">Reinold Geiger, the billionaire owner of L’Occitane International SA, is reportedly on the edge of making an offer to privatise the renowned skincare company. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">According to Bloomberg, the deal, estimated to be around $7 billion, inclusive of debts, would see Geiger acquiring the remaining shares he doesn't already own at a per-share price ranging from HK$33 to HK$34. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Financing for the buyout is anticipated to come from Blackstone Inc.'s planned opportunities fund and Goldman Sachs Group Inc.'s asset management arm.<o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">The offer could present an enterprise value of approximately €6.5 billion ($7 billion) upon L’Occitane, sources cited by Bloomberg revealed.<o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">It is suggested that Blackstone and Goldman Sachs Asset Management may jointly provide roughly €1.6 billion in funding for the acquisition. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Geiger, who currently controls over 70 per cent of L’Occitane through a vehicle under his authority, appears firm to take the company private after its 14-year tenure on the Hong Kong stock exchange. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Trading of L’Occitane shares in Hong Kong was halted on April 9, awaiting an announcement linked to takeover regulations.<o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Geiger's attempt to privatise L’Occitane marks a major development in the company's trajectory.<o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Founded in 1976 by Olivier Baussan in Provence, France, L’Occitane initially crafted essential oils from local flora, gradually expanding its offerings. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Geiger's involvement dates back to 1994 when he became a minority stakeholder, later assuming a more hands-on role due to the company's underperformance. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Despite initial setbacks, Geiger's vision propelled L’Occitane into a global player, with operations spanning 90 countries. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">However, the company faces challenges in key markets like China, where intense competition from global and domestic brands poses hurdles to growth. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">While discussions are ongoing, no final decisions have been reached, and details such as pricing and timing remain subject to change.<o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">L’Occitane, Blackstone, and Goldman Sachs declined to comment on the matter.<o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Blackstone's planned opportunities fund, known for its nimble investments in unconventional markets, boasts a diverse portfolio and manages assets worth approximately $35 billion. <o:p></o:p></span></p>

<p class="MsoNormal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">Similarly, Goldman Sachs Asset Management, one of the key players in global finance, provides investment solutions across various sectors.<o:p></o:p></span></p>

<p class="MsoNormal"><i style="mso-bidi-font-style:normal"><span lang="EN-GB" style="mso-ansi-language:EN-GB">(With inputs from Bloomberg)<o:p></o:p></span></i></p>


Reinold Geiger, the billionaire owner of L’Occitane International SA, is reportedly on the edge of making an offer to privatise the renowned skincare company. According to Bloomberg, the deal, estimated to be around $7 billion, inclusive of debts, would see Geiger acquiring the remaining shares he doesn't already own at a per-share price ranging from HK$33 to HK$34.

Reinold Geiger, the billionaire owner of L’Occitane International SA, is reportedly on the edge of making an offer to privatise the renowned skincare company. According to Bloomberg, the deal, estimated to be around $7 billion, inclusive of debts, would see Geiger acquiring the remaining shares he doesn't already own at a per-share price ranging from HK$33 to HK$34. Financing for the buyout is anticipated to come from Blackstone Inc.'s planned opportunities fund and Goldman Sachs Group Inc.'s asset management arm. The offer could present an enterprise value of approximately €6.5 billion ($7 billion) upon L’Occitane, sources cited by Bloomberg revealed. It is suggested that Blackstone and Goldman Sachs Asset Management may jointly provide roughly €1.6 billion in funding for the acquisition. Geiger, who currently controls over 70 per cent of L’Occitane through a vehicle under his authority, appears firm to take the company private after its 14-year tenure on the Hong Kong stock exchange. Trading of L’Occitane shares in Hong Kong was halted on April 9, awaiting an announcement linked to takeover regulations. Geiger's attempt to privatise L’Occitane marks a major development in the company's trajectory. Founded in 1976 by Olivier Baussan in Provence, France, L’Occitane initially crafted essential oils from local flora, gradually expanding its offerings. Geiger's involvement dates back to 1994 when he became a minority stakeholder, later assuming a more hands-on role due to the company's underperformance. Despite initial setbacks, Geiger's vision propelled L’Occitane into a global player, with operations spanning 90 countries. However, the company faces challenges in key markets like China, where intense competition from global and domestic brands poses hurdles to growth. While discussions are ongoing, no final decisions have been reached, and details such as pricing and timing remain subject to change. L’Occitane, Blackstone, and Goldman Sachs declined to comment on the matter. Blackstone's planned opportunities fund, known for its nimble investments in unconventional markets, boasts a diverse portfolio and manages assets worth approximately $35 billion. Similarly, Goldman Sachs Asset Management, one of the key players in global finance, provides investment solutions across various sectors. (With inputs from Bloomberg)

L’Occitane owner Geiger nears $7 billion buyout deal: Report

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