L’Oreal heiress Liliane Bettencourt dies at age 94

PARIS – Liliane Bettencourt, the L’Oreal cosmetics heiress and the world’s richest woman, has died at her home in a chic Parisian suburb. She was 94.

Bettencourt’s daughter, Francoise Bettencourt Meyers, said in a written statement Thursday that her mother “left peacefully” overnight in Neuilly-sur-Seine.

Liliane Bettencourt was the only child of Eugene Schueller, who founded L’Oreal in the early 20th century. Forbes magazine estimated her fortune to be worth $39.5 billion this year.

L’Oreal Chairman and CEO Jean-Paul Agon expressed “great admiration” for Bettencourt. Agon said she “always looked” after the company and its employees and “she has personally contributed greatly to its success for many years.”

Born in 1922 in Paris, she married French politician Andre Bettencourt at the age of 27. Her husband notably served as a minister at the end of the 1960s and beginning of the 1970s. He died in 2007.

Liliane Bettencourt inherited the L’Oreal fortune upon the death of her father in 1957. When the company went public six years later, she continued to own a majority stake

 

As the world’s leading beauty company, L’Oreal generated sales amounting to 25.8 billion euros in 2016 and employs 89,300 people worldwide, according to the company.

Bettencourt’s name has been involved in a politico-financial scandal known in France as the “Bettencourt Affair”, which has wound its way through French courts and newspapers for years.

The case stemmed from a 2007 complaint filed by Bettencourt’s daughter accusing one of her mother’s closest friends, the photographer Francois-Marie Banier, of manipulating the elderly widow into giving him artwork and cash.

In 2015, a French court handed Banier a three-year prison sentence on charges of swindling millions of euros from Bettencourt by taking advantage of her weak mental state. The court acquitted a former ally of former President Nicolas Sarkozy in the case.

Sarkozy’s former campaign treasurer, Eric Woerth, was acquitted on charges of “abuse of weakness” and taking donations from Bettencourt during the 2007 presidential election campaign.

Sarkozy himself was cleared in 2013 of preliminary charges.

Bettencourt is survived by her daughter, Francoise, who was born in 1953.

LOreal Misleading Again!

The Real Hair TruthSo Many hairdressers in my industry use LOreal hair color and there products. And so many don’t take the time to really find out that they are in competition with there manufacturer. Who will pledge allegiance too you and will send the “Best Snake Oil Salesman”, too you to inform you on the usage of there color and products that you can buy on the internet. You don’t really understand the how good these company’s are doing you wrong and also to the beauty industry.

Here is a good tidbit to chew on and to really think about how these company’s work behind the scenes to squeeze out every nickel and dime from there products. Advertising can be very misleading to the professional and to the consumer.  Go ahead and click on the link first for the complaint and read about the case filed in court.

November 2013: A federal judge denied final approval of a class-action lawsuit against L’Oréal USA, Inc. The complaint, originally filed in April 2013, alleged that the company misleadingly markets professional hair care products as only available for purchase in salons when the products are actually available for purchase in major retail outlets. According to the settlement terms, the company agreed to remove the misleading labels from the product packages for a period of five years. The Court rejected the settlement because (1) the salon-only purchasers and the retail outlet purchasers had different interests and so the class certification, a requirement for settlement, was inappropriate; and (2) the settlement was not fair, reasonable, and adequate because the company only agreed to stop the misleading labeling for a limited time and the class received no monetary award. (Richardson et al v. L’Oreal, Case No. 13-cv-00508, District of D. C.).

Misleading Information

 You the professional LEGALLY HAS the full liability of the products you use in the salon. You purchase them, you bought them, there yours. Once a product is purchased you have hold full liability. Take the time to know your salon products, color line, hair care line.  Know everything about the distributor, and also the manufacturer.  And of course in my Beauty Industry there are organizations such as the (PBA.com – Who says they are the legal eagle of the industry). (Behind The Chair – This is the Sears & Roebucks of the Beauty Industry), (Hair brained.com – Which basically is what it says it is Hair brained), (Salon Galaxy.com – Which is a copy cat of all the others mentioned). These sites could take the time to influence and to teach there subscribers but have taken the course of self advertising and stimulating there own agenda. So sad! there will come a day when the whole industry is controlled by one or two manufacturers and then don’t say I did not warn you!  Wake up sheeple!

Salon only products!

Don’t be hood winked.!!!!!!!

Joseph Kellner