The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.

Going public is usually a pivotal moment in a company’s history, cementing its heavyweight status and setting it up for expansion. In L’Occitane’s case, delisting might be a bigger conduit for growth.

The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.

The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.

Mining company Anglo American is considering offloading its storied diamond unit. It won’t be an easy sell.

Mining company Anglo American is considering offloading its storied diamond unit. It won’t be an easy sell.