In any industry, companies may list on the stock exchange to raise capital and further develop the business. Recently Clarins did just the opposite, delisting from the Paris stock exchange after a declaration made in June. Reports online suggest that the move will allow Clarins greater decision making powers regarding the future of its products.

Clarins said on Tuesday that investment company, Financiere FC, had ceased its tender offer for Courtin-Clarins on September 16. Clarins CEO Philip Shearer, was quoted as saying in a release to the press, “I would like to congratulate the Courtin family for the success of this operation, which further highlights their commitment to our company.” Fifty-five Euro (US$80) per share has been offered to shareholders, which will be paid out after the buyout has been completed. Roughly 96% of Clarins shares were held by Financiere FC. Authorities in France, where Clarins is based, require 95% and over in share capital before the company could be delisted.