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Bettencourt

FB Roundup: AB InBev, Crown Resorts, and L'Oreal

March 28, 2018

Brewing giant pledges carbon reduction and renewable energy; James Packer’s ‘brave’ mental health resignation; and L’Oreal buys AR app

Brewing giant pledges carbon reduction, renewable energy

The world’s biggest brewer, AB InBev, says it will use only renewable energy and recyclable packaging by 2025, as part of an ambitious sustainability plan laid out by the company.

FB Roundup: Brunello Cucinelli, Walmart, and L'Oreal

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.

Family business roundup: America Movil, Sirivadhanabhakdi, Pritzker Organization, Maple Leaf Foods, L’Oreal

August 28, 2013

America Movil backs sweetened Telefonica deal, Charoen Sirivadhanabhakdi looks to reduce debt with IPO, Pritzker Organization takes timber services company private, Maple Leaf Foods sells biodiesel and rendering business, and the Bettencourts rule out a L'Oreal sale.

America Movil
Telefonica has received the support of Dutch telecommunications company KPN’s biggest investor, America Movil, to acquire its German mobile unit E-Plus.

Security risk

July 1, 2013

Security has long been on the radar of wealthy families, especially for those who remember the chilling spate of kidnappings in the 1970s and 1980s in Europe. So what steps can you take to protect your loved ones?

When Zachary Dell posted a picture of his breakfast on Instagram, he must have thought it was harmless.

Ownership and control in French family businesses

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.

Bettencourt personally questioned over accusations

July 27, 2010

Liliane Bettencourt, L’Oreal heiress and France’s richest woman, was questioned on Monday by French police as part of an ongoing investigation into her finances.

Liliane Bettencourt, L'Oreal heiress and France's richest woman, was questioned on Monday by French police as part of an ongoing investigation into her finances.

Bettencourt (pictured) was being questioned as a witness in an investigation into tax evasion and apparent illegal donations given to the French government by the heiress.

Comment: Why family feuds aren't always bad for business

July 19, 2010

On the surface family feuds don’t look so good for business. They mean decisions are often put off as family energies get diverted to emotional disputes, not the running of the company, writes David Bain

On the surface family feuds don't look so good for business. They mean decisions are often put off as family energies get diverted to emotional disputes between members, not the running of the company, writes David Bain.

Bettencourt accuses daughter of “petty reactions”

July 16, 2010

L’Oreal heiress Liliane Bettencourt has condemned her daughter, Francoise Bettencourt-Meyers, on primetime television following accusations that she is mentally unfit.

L'Oreal heiress Liliane Bettencourt has condemned her daughter, Francoise Bettencourt-Meyers, on primetime television following accusations that she is mentally unfit.

France's richest woman has finally spoken out after the trial brought by her daughter to prosecute a man accused of exploiting Bettencourt for just under €1 billion was postponed.

The octogenarian told France 3 Bretagne: "I am both saddened and upset because I ask myself how, after so many years, someone who lived near me had such petty reactions".

The Bettencourt affair: can other families avoid a similar scandal?

July 14, 2010

Octogenarian L’Oreal heiress Liliane Bettencourt has dominated the headlines this week as a string of allegations have emerged about her financial affairs, writes Katie Barker.

Octogenarian L'Oreal heiress Liliane Bettencourt has dominated the headlines this week as a string of allegations have emerged about her financial affairs, writes Katie Barker.

Bettencourt faces further allegations

July 7, 2010

L'Oreal heiress and France's richest woman Liliane Bettencourt is accused of paying president Sarkozy’s government €150,000 during the 2007 elections.

L'Oreal heiress and France's richest woman Liliane Bettencourt (pictured) is accused of paying president Sarkozy's government €150,000 during the 2007 elections.

The allegations come from Bettencourt's former accountant Claire Thibout in an interview with French news website Mediapart.

The interview claims that Bettencourt's financial advisor Patrice de Maistre gave French Labour Minister Eric Woerth a €150,000 donation. The accusation is severe as an individual political donation cannot exceed €7,500 a year under French law.