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L'Oreal

February 15, 2018

A cash-rich L’Oreal is ready and waiting to buy back the stake of itself owned by struggling Nestlé, the beauty giant’s chief executive has said.

A cash-rich L’Oreal is ready and waiting to buy back the stake of itself owned by struggling Nestlé, the beauty giant’s chief executive has said.

Off the back of a stellar year which saw the French beauty company’s profits rise 15%, chief executive Jean-Paul Agon gave an emphatic “yes” when asked whether L’Oreal would be keen to buy back the 23% stake owned by Nestlé, worth nearly €23 billion ($28 billion).

January 19, 2018

Brunello Cucinelli sells stake to fund foundation, Walmart hikes wages but cuts staff, and L’Oreal grows Chinese skin

Brunello Cucinelli sells stake to fund foundation

Italian designer Brunello Cucinelli has sold 6% of his eponymous fashion house for nearly €100 million ($122 million), putting the money into his family foundation.

The shares, sold via an accelerated book build mainly to US institutional investors, mean the Cucinelli family—Brunello, his wife Federica and two daughters Camilla and Carolina—now own 51% of the business.

September 4, 2013

A butler who secretly recorded private conversations between aging L’Oreal heiress Liliane Bettencourt and her lawyers, financial advisers and various politicians will stand trial, along with five journalists who published the tapes’ contents, for breaching French privacy laws.

A butler who secretly recorded private conversations between aging L’Oreal heiress Liliane Bettencourt and her lawyers, financial advisers and various politicians will stand trial, along with five journalists who published the tapes’ contents, for breaching French privacy laws.

Bettencourt's now former butler Pascal Bonnefoy created the tapes over a 12-month period between 2009 and 2010 by placing a hidden recording device in the drawing room of Bettencourt's mansion in suburban Paris.

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.

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.

January 26, 2012

They are involved in one of the most acrimonious feuds family businesses have ever seen – complete with court battles, a search warrant and even a declaration of “nuclear war” – but it seems Liliane Bettencourt and her estranged daughter, Francoise Bettencourt-Meyers, are now trying to bury the hatchet.

They are involved in one of the most acrimonious feuds family businesses have ever seen – complete with court battles, a search warrant and even a declaration of “nuclear war” – but it seems Liliane Bettencourt and her estranged daughter, Francoise Bettencourt-Meyers, are now trying to bury the hatchet.

The pair were spotted spending some time together in Paris, sitting side by side while enjoying the Armani Prive fashion show.

January 19, 2012

Liliane Bettencourt, the only child of L’Oreal founder Eugene Schueller, will continue to be under the protection of her family after losing an appeal to remove her estranged daughter and her two grandsons as her guardians.

Liliane Bettencourt, the only child of L’Oreal founder Eugene Schueller, will continue to be under the protection of her family after losing an appeal to remove her estranged daughter and her two grandsons as her physical and financial guardians.

On 18 January, a French court rejected Bettencourt’s request to overturn an October ruling that said the heiress suffers from "mixed dementia" and "modestly severe” Alzheimer’s.

December 7, 2011

The feud between L’Oreal heiress Liliane Bettencourt and her estranged daughter Françoise Bettencourt-Meyers looks set to continue, as Bettencourt has reportedly modified her will and left some of her fortune to a biomedical research centre. 

The feud between L’Oreal heiress Liliane Bettencourt and her estranged daughter Françoise Bettencourt-Meyers looks set to continue, as Bettencourt has reportedly modified her will and left some of her fortune to a biomedical research centre. 

October 18, 2011

L'Oreal heiress and France's richest woman Liliane Bettencourt suffers from "mixed dementia" and "modestly severe" Alzheimer’s and must be put under the care of a legal guardian, a French court ruled on 17 October.    

L'Oreal heiress and France's richest woman Liliane Bettencourt suffers from "mixed dementia" and "modestly severe" Alzheimer’s and must be put under the care of a legal guardian, a French court ruled on 17 October.

Although the lawyers of Bettencourt, who turns 89 this week, said they would appeal against the ruling, the judge’s decision takes effect immediately and places the heiress under the protection of her family.

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