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l'oreal

February 13, 2013

Two European family empires are making alterations to their share conditions this week. The Agnelli family’s Exor plans to switch preference and saving shares to ordinary ones, and L'Oreal is to spend €500 million buying back shares following a rise in net sales. 

Two European family business empires are making alterations to their share conditions this week. The Agnelli family’s Exor plans to switch preference and saving shares to ordinary ones, and L'Oreal is to spend €500 million buying back shares following a rise in net sales.

Exor
Exor, the Italian holding company that controls Fiat, said on 11 February that it had decided to convert its preference and saving shares into ordinary shares.

November 26, 2012

A number of acquisitions and sales have made headlines as family businesses around the world look to consolidate operations.

A number of acquisitions and sales have made headlines as family businesses around the world look to consolidate operations.

French family-controlled cosmetics group L’Oreal said on 26 November that it has acquired American make-up company Urban Decay. No financial details were disclosed.

Set up in 1993, Urban Decay is known for products such as Naked Palette – a brand of eye make-up – and Naked Skin, a foundation launched recently by the company.

August 29, 2012

Family businesses Bouygues and Antofagasta saw half-yearly profits fall this week, while cosmetics giant L’Oreal missed analyst earnings estimates for the same period.

Family businesses Bouygues and Antofagasta saw half-yearly profits fall this week, while cosmetics giant L’Oreal missed analyst earnings estimates for the same period. Meanwhile, Barnes & Noble managed to narrow losses for its fiscal first quarter.

August 2, 2012

She’s 89 and suffering from dementia, but that hasn’t stopped Liliane Bettencourt, France’s richest woman and heir of cosmetics family business L’Oreal, from raking in big by selling her islands for a cool $42 million (€34.15 million) profit.

She’s 89 and suffering from dementia, but that hasn’t stopped Liliane Bettencourt, France’s richest woman and heir of cosmetics family business L’Oreal, from raking in big by selling her islands for a cool $42 million (€34.15 million) profit.

Having bought D’Arros Island and a few neighbouring islets in the Seychelles back in 1998 for $18 million, the octogenarian has now sold them for $60 million to a firm registered in the island country.

April 17, 2012

Family-owned machinery giant JCB has reported its best ever annual results, while a number of family businesses in Europe and Asia have seen their revenues increase in the first months of 2012.

Family-owned machinery giant JCB has reported its best ever annual results, while a number of family businesses in Europe and Asia have seen their revenues increase in the first months of 2012.

JCB, the British construction equipment manufacturer controlled by the Bamford family, said on 17 April that revenues jumped 37% in 2011 to £2.75 billion (€3.34 billion), from £2 billion in 2010. This was the company’s strongest result in its 66-year history.

February 14, 2012

Liliane Bettencourt, heiress of cosmetics giant L’Oreal and France’s richest woman, has quit the board of the family business and will be replaced by her grandson.

Liliane Bettencourt, heiress of cosmetics giant L’Oreal and France’s richest woman, has quit the board of the family business and will be replaced by her grandson.

September 30, 2011

Prosecutors in France have launched an investigation to find out whether anyone exploited L’Oreal heiress Liliane Bettencourt, following the release of the octogenarian’s medical results.

Prosecutors in France have launched an investigation to find out whether anyone exploited L’Oreal heiress Liliane Bettencourt, following the release of the octogenarian’s medical results.

Eighty-eight-year-old Bettencourt, who along with her daughter collectively owns 31% of cosmetics giant L’Oreal, recently underwent a medical examination to determine her mental status.

June 9, 2011

Francoise Bettencourt-Meyers, daughter of L’Oreal heiress Liliane Bettencourt, has filed another legal challenge questioning her mother’s mental state, only six months after dropping a previous challenge.

Francoise Bettencourt-Meyers, daughter of L’Oreal heiress Liliane Bettencourt, has filed another legal challenge questioning her mother’s mental state, only six months after dropping a previous challenge.

According to reports, Bettencourt-Meyers has accused her mother’s lawyer, Pascal Wilhelm, of allegedly taking advantage of the 88-year-old heiress after Bettencourt invested €170 million in a company belonging to one of her lawyer’s clients.

December 8, 2010

Two of France’s largest and most famed family businesses, Hermes and L’Oreal, have taken steps this week to bolster family control and reaffirm the family’s commitment to the company. But the question remains as to whether this is enough to ensure continued family ownership.

Two of France's largest and most famed family businesses, Hermes and L'Oreal, have taken steps this week to bolster family control and reaffirm the family's commitment to the company. But the question remains as to whether this is enough to ensure continued family ownership, writes Katie Barker. 

Hermes moved first with its family members setting up a holding company in an attempt to fend off unwelcome advances from much larger rival LVMH Moet Hennessy Louis Vuitton.

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