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Beauty Retailer L'Occitane Files For Bankruptcy

Another huge brand is suffering the effects of the ongoing worldwide pandemic. With isolation becoming the norm for many, it’s no huge surprise that a beauty brand like L'Occitane might be suffering. The company plans to close 23 stores as it looks to shed unprofitable and declining locations, according to court papers. L'Occitane currently runs 166 boutiques in the U.S., largely based in regional malls.

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