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The Bettencourt family and Nestlé acted in concert pursuant to a shareholders' agreement. [11] Bettencourt ended her board director tenure on 13 February 2012 and her grandson, Jean-Victor, was appointed as board director. [12] Bettencourt's daughter and her daughter's husband (Jean-Pierre Meyers) are also members of the board of directors. [13]
Seven other defendants, including Liliane Bettencourt's financial advisor, lawyer, and notary, were also convicted and given lesser sentences. Banier appealed. The second trial, which concluded in May 2016, upheld the conviction, but suspended the prison sentence and canceled the damages.
Schueller's daughter, Liliane Bettencourt, was the widow of André Bettencourt with whom she had one daughter, Françoise Bettencourt Meyers, chairwoman of L'Oréal's board of directors and according to Bloomberg Billionaires Index the richest woman in the world and the 12th richest person, with a net worth of US$ 94.9 billion as of January 2022.
L'Oreal cosmetics heiress Liliane Bettencourt and her daughter, Francoise Bettencourt Meyers, say they have made up, ending a legal dispute over the management of a $1.3 billion fortune, the ...
Liliane Bettencourt, the billionaire heiress of the cosmetics company L’Oreal, has died at the age of 94.
Bettencourt Meyers and her family own about 35% of the beauty group, which was passed on from her mother, Liliane, after she died in 2017. The heiress is known to be private, so little is known ...
As a result, Nestlé's stake in L'Oréal was reduced from 29.4% to 23.29%, while the Bettencourt Meyers family's stake increased from 30.6% to 33.2%. Nestlé has owned a stake in L'Oréal since 1974, when it bought into the company at the request of Liliane Bettencourt , the daughter of the founder of L'Oréal, who was trying to prevent French ...
The Bettencourt family is a French noble family of Norman origin. The head of the family in the 14th century, Jean de Béthencourt , organized an expedition to conquer the Canary Islands , resulting in his being made King of the Canary Islands by Pope Innocent VII .