11:36 AM EST, 01/21/2026 (MT Newswires) -- (Updates with response from L'Occitane in the fourth paragraph.)

JPMorgan Chase ( JPM ) and Morgan Stanley ( MS ) are working with skincare retailer L'Occitane Groupe on a potential initial public offering in the US as early as this year, Bloomberg reported Wednesday, citing sources with knowledge of the matter.

Talks are ongoing and the timing of the IPO could still change, the report said, quoting sources.

L'Occitane owner Reinold Geiger took the company private from the Hong Kong Stock Exchange in 2024 in a deal that valued the company at 6 billion euros ($7.04 billion), according to the report.

JPMorgan ( JPM ) and L'Occitane declined to comment, while Morgan Stanley ( MS ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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