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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.

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.

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.

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.

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.

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