04 Apr 2024 --- Biological beauty company Grown Alchemist says it needs more flexibility, so it has decided to leave the L’Occitane Group and become a privately-held company. Andre Hoffmann, the former vice-chairman and CEO of L’Occitane International, acquired a majority controlling stake, with Grown Alchemist’s CEO, Anna Teal, taking on a minority shareholder role. The purchase price was €28 million (US$30.4 million).
