On April 9th, a reporter from New Beijing News and Shell Finance noticed that beauty group Ou Shudan was suspended from trading on the Hong Kong Stock Exchange. Meanwhile, media reports suggest that The Blackstone Group, the largest publicly traded investment management company in the United States, may soon complete its privatization deal with Oseltan.
It is worth noting that at the beginning of this month, Oseltan Group announced the sale of Australian skincare brand Grown Alchemist for 28.3528 million euros. Regarding the reason for the sale, Oseltan Group stated in the announcement that it believed that when initially acquiring the Growth Alchemist brand, it could complement the group's strategy and fill the gap in the beauty, skincare, and health categories. But since the initial acquisition, considering the changes in the global economy and market environment, as well as the significant growth of other brands under the brand, the Ou Shudan Group has begun to adjust its strategy.
According to the financial report for the first three quarters of the 2024 fiscal year released by Eurostar Group, the group's sales reached 1.915 billion euros during the period, a year-on-year increase of 18.9%. Among them, the sales in the third quarter reached 843 million euros, a year-on-year increase of 19.5%.