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L'Occitane
L'Occitane en Provence, "the Occitania, Occitan woman (in Provence)," commonly known as L'Occitane, is a French luxury retailer of body, face, hair, fragrances, and home products based in Manosque, France. Founded in 1976 by Olivier Baussan, with the purpose to create a company that celebrates and preserves the traditions of his native Provence. In 2010, the company became Initial public offering, listed on the Hong Kong Stock Exchange. History In 1976, 23-year-old Olivier Baussan used steam distillation to produce essential oil from wild rosemary and lavender which he sold at open-air markets in his native Provence. ''L'Occitane'' was named for the women of Occitania. This area existed during the Middle Ages, spanning southern France, north-eastern Spain and northern Italy. Occitan language, Occitan was the native language and is still spoken as a second language in some areas of this region. In 1976, using an old soap factory that was donated to him, Olivier Baussan revived t ...
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Olivier Baussan
Olivier Baussan (born December 9, 1952) is a French businessman and the founder of L'Occitane en Provence, Oliviers & Co and Première Pression Provence. Biography Baussan completed his degree in literature at the Université d'Aix-Marseille, université d'Aix-en-Provence. At the age of 23 he began to focus on creating cosmetic products from the flora of Provence. The acquisition of an old soap factory that had been on the decline, in partnership with a chemist friend, Yves Millou, launched the growth of the small business. The group was created in 1976. In 1981 he opened his first store in Volx in Haute Provence. In 1992, he sold the company to Austrian businessman Reinold Geiger but retained a 5% stake. Through l’Occitane en Provence he launched a brand of premium olive oil, Oliviers & Co, in 1996. Most of the oils sold through the company are produced by families or small cooperatives, all of whom must follow Baussan’s exacting methods of cultivation and production. In ...
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Reinold Geiger
Reinold Geiger (born July 1947) is an Austrian billionaire, and the chairman and CEO of French cosmetics retailer L'Occitane en Provence. Education He received a bachelor's degree in engineering from the Swiss Federal Institute of Technology in Zürich, in 1969, and an MBA degree from INSEAD, Fontainebleau (France) in 1976. Personal life Geiger is married, and lives in Geneva , neighboring_municipalities= Carouge, Chêne-Bougeries, Cologny, Lancy, Grand-Saconnex, Pregny-Chambésy, Vernier, Veyrier , website = https://www.geneve.ch/ Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevr ..., Switzerland. References 1947 births Living people Austrian billionaires Austrian businesspeople Austrian expatriates in Switzerland ETH Zurich alumni Businesspeople from Geneva {{Austria-business-bio-stub ...
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Manosque
Manosque (; Provençal Occitan: ''Manòsca'' in classical norm or ''Manosco'' in Mistralian norm) is the largest town and commune in the Alpes-de-Haute-Provence department in southeastern France. However, it is not the ''préfecture'' (capital) of the department, which is the smaller town of Digne-les-Bains. Manosque is located at the far eastern end of the Luberon near the Durance river. History Manosque has existed since before 966 when it is first mentioned historically. Commerce thrived in the town in the 13th century leading the population to increase to 10,000 inhabitants. It was at this time that the city walls were constructed. They have been completely destroyed apart from a few remaining gates. The population suffered greatly starting in the 18th century due to plagues in 1720 and 1834. Between 1950 and 1970, the town had a huge increase in population along with other areas south of the Luberon. A threefold increase in inhabitants occurred. Population Personaliti ...
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Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area and the List of countries and dependencies by population, seventh most populous. Its capital is Brasília, and List of cities in Brazil by population, its most populous city is São Paulo. The federation is composed of the union of the 26 States of Brazil, states and the Federal District (Brazil), Federal District. It is the largest country to have Portuguese language, Portuguese as an List of territorial entities where Portuguese is an official language, official language and the only one in the Americas; one of the most Multiculturalism, multicultural and ethnically diverse nations, due to over a century of mass Immigration to Brazil, immigration from around the world; and the most populous Catholic Church by country, Roman Catholic-major ...
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Volx
Volx (; oc, Vòus) is a commune in the Alpes-de-Haute-Provence department in the Provence-Alpes-Côte d'Azur region in southeastern France. Population See also * Coteaux de Pierrevert AOC * Luberon The Luberon ( or ; Provençal: ''Leberon'' or ''Leberoun'' ) is a massif in central Provence in Southern France, part of the French Prealps. It has a maximum elevation of and an area of about . It is composed of three mountain ranges (from w ... References Communes of Alpes-de-Haute-Provence Alpes-de-Haute-Provence communes articles needing translation from French Wikipedia {{AlpesHauteProvence-geo-stub ...
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Venture Capitalist
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial " seed funding" round. The first ro ...
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Creative Director
A creative director (or creative supervisor) is a person who makes high-level creative decisions and, with those decisions, oversees the creation of creative assets such as advertisements, products, events, or logos. Creative director positions are often found within the television production, graphic design, film, music, video game, fashion, advertising, media, or entertainment industries, but may be found in other creative organizations such as web development and software development firms as well. A creative director is a vital role in all of the arts and entertainment industries and can be seen as another element in any product development process. The creative director may also assume the roles of an art director, copywriter, or lead designer. The responsibilities of a creative director include leading the communication design, interactive design, and concept forward in any work assigned. For example, this responsibility is often seen in industries related to advertisement. ...
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Leveraged Buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money ( leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. The cost of debt is lower because interest payments often reduce corporate income tax liability, whereas dividend payments normally do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity. The term LBO is usually employed when a financial sponsor acquires a company. However, many corporate transactions are partially funded by bank debt, thus effectively also representing an LBO. LBOs can have many different forms such as management buyout (MBO ...
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South China Morning Post
The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained Hong Kong's newspaper of record since British colonial rule. Editor-in-chief Tammy Tam succeeded Wang Xiangwei in 2016. The ''SCMP'' prints paper editions in Hong Kong and operates an online news website. The newspaper's circulation has been relatively stable for years—the average daily circulation stood at 100,000 in 2016. In a 2019 survey by the Chinese University of Hong Kong, the ''SCMP'' was regarded relatively as the most credible paid newspaper in Hong Kong. The ''SCMP'' was owned by Rupert Murdoch's News Corporation from 1986 until it was acquired by Malaysian real estate tycoon Robert Kuok in 1993. On 5 April 2016, Alibaba Group acquired the media properties of the SCMP Group, including the ''SCMP''. In January 2017, form ...
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International Finance Centre (Hong Kong)
The International Finance Centre, abbreviated as ifc) is a skyscraper and an integrated commercial development on the waterfront of Hong Kong's Central District. A prominent landmark on Hong Kong Island, IFC consists of two skyscrapers, the ifc mall, and the 55-storey Four Seasons Hotel Hong Kong. Twe 02 is the second tallest building in Hong Kong at a height of 415 m, behind the International Commerce Centre in West Kowloon, and the 31st-tallest building in the world. It is the fourth-tallest building in the Greater China region and the eighth-tallest office building in the world, based on structural heights; It is of similar height to the former World Trade Center. The Airport Express Hong Kong station is directly beneath it, with subway lines to Hong Kong International Airport. ifc was constructed and is owned by IFC Development, a consortium of Sun Hung Kai Properties, Henderson Land and Towngas. In 2003, ''Financial Times'', HSBC, and Cathay Pacific put up an ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to ...
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Occitan Language
Occitan (; oc, occitan, link=no ), also known as ''lenga d'òc'' (; french: langue d'oc) by its native speakers, and sometimes also referred to as ''Provençal'', is a Romance language spoken in Southern France, Monaco, Italy's Occitan Valleys, as well as Spain's Val d'Aran; collectively, these regions are sometimes referred to as Occitània. It is also spoken in Calabria ( Southern Italy) in a linguistic enclave of Cosenza area (mostly Guardia Piemontese). Some include Catalan in Occitan, as the distance between this language and some Occitan dialects (such as the Gascon language) is similar to the distance between different Occitan dialects. Catalan was considered a dialect of Occitan until the end of the 19th century and still today remains its closest relative. Occitan is an official language of Catalonia, where a subdialect of Gascon known as Aranese is spoken in the Val d'Aran. Since September 2010, the Parliament of Catalonia has considered Aranese Occitan to ...
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