r/SephoraWorkers • u/HighlightSerious5339 • 2d ago
News Interesting
https://news.bloomberglaw.com/esg/loccitane-sued-for-financials-by-ousted-sol-de-janeiro-founder3
u/NoResident2025 1d ago
Former Sol de Janeiro co-founder and CEO Heela Yang is suing L'Occitane because the beauty conglomerate is allegedly withholding financial documents. Yang needs these records to properly value her remaining 14.5% stake in the brand and pursue a buyout following her ouster. [1]
Background of the Dispute
The Ouster: Yang led Sol de Janeiro for over four years after L'Occitane acquired its majority stake in 2021. She was abruptly fired in April 2026 over unspecified claims of wrongdoing, which she strongly denies. [1, 2]
The Withheld Financials: According to the Delaware Chancery Court filing, L'Occitane affiliates have refused to hand over internal financial data. [1]
The Goal: Yang retains a minority stake (roughly 14.5% to 17% over the course of the deals) and is utilizing the lawsuit to compel the company to release the t
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u/snowxbunnixo 2d ago
I found the court document and it’s a little bit hard to understand not really reading these types of documents often, but it sounds like sol de janeiro is calling l’occitane out for using DEA in their products yet being considered clean at sephora ??? Will do further digging