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L’Oreal

FB Roundup: Francoise Bettencourt Meyers, Klaus-Michael Kuehne, Masatoshi Ito

March 13, 2023

In this week’s FB Roundup, L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD; Klaus-Michael Kuehne is to receive $4.5 billion dividends from his transport empire; and tributes are paid to 7-Eleven billionaire Masatoshi Ito.

L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD
The world’s richest woman, Francoise Bettencourt Meyers, has named Cyrielle Villepelet as managing director of her investment company, Tethys Invest, according to Bloomberg.

FB Roundup: Birkenstock, Hancock Prospecting, L’Oreal

February 13, 2021

Arnault family’s L Catterton in rumoured Birkenstock takeover bid, Mining magnate Gina Rinehart backs lithium venture, Rocketing e-commerce powers L’Oreal recovery.

Arnault family’s L Catterton in rumoured Birkenstock takeover bid

Birkenstock, the sixth-generation family-owned business and the German footwear industry’s largest employer, could be the next $4.8 billion acquisition by the Arnault family’s private equity firm.

FB Roundup: Exor, L’Oreal, Bahlsen

September 25, 2020

Agnelli family’s Exor deals risk with GEDI but reward with Fiat Chrysler; e-commerce, Chinese and comfort sales cushion L’Oreal against the coronavirus, heiress Verena Bahlsen leads her family business to innovation and social responsibility.

Agnelli family’s Exor deals risk with GEDI but reward with Fiat Chrysler

The completion of the Agnelli family’s €104.2 million ($121 million) buy back of control of GEDI from the De Benedetti family came at a fortuitous time as Italy’s largest editorial group suffers in the first half of the year of the coronavirus.

FB Roundup: Water rage, Holtzbrinck family, and climate action

April 19, 2018

Nut rage to water rage, Holtzbrinck family use special structure to keep control, and family-owned giants step up climate action

Nut rage to water rage

The family made famous by the “nut rage” scandal is at the centre of renewed controversy, after its heiress allegedly threw water on people during a business meeting and smuggled goods into Korea illegally.

Family Business Roundup: LVMH, L’Oreal, PPR, VW post gains, net income down at America Movil

July 27, 2012

It has been a good week for top European family businesses, as the continent’s biggest carmaker, Volkswagen, and leading French luxury conglomerates LVMH and PPR reported significant revenue growth for the first half of 2012.

LVMH, controlled by Bernard Arnault and his family, announced on 26 July half-yearly revenues of €13 billion, up 26% from €10.29 billion in the first six months of last year.

L’Oreal’s Bettencourt ready to declare war on daughter

October 4, 2011

The feud between France’s richest women, L’Oreal heiress Liliane Bettencourt, and her daughter is waging on, with the 88-year-old now planning to declare “nuclear war”.

Speaking to the Journal du Dimanche, her lawyer, Jean-Rene Farthouat, said Bettencourt was ready for battle and would attempt to reclaim the €15 billion in shares that she previously gave François Bettencourt-Meyers.

"I saw Liliane Bettencourt on Friday, and she is in favour of nuclear war," he said.

Family businesses shine in 2010 "most ethical companies" list

March 23, 2010

The 2010 list of the world’s most ethical companies includes many family-owned or –controlled businesses, confirming the sector’s commitment to corporate social responsibility.

The 2010 list of the world's most ethical companies includes many family-owned or –controlled businesses, confirming the sector's commitment to corporate social responsibility.

The list, compiled by the Ethisphere Institute, includes 100 companies from a wide range of countries and industries.