By  on December 7, 2009

PARIS — L’Oréal on Sunday had no comment about press reports swirling in France over the weekend that photographer François-Marie Banier is not the only person to have received financial gifts from Liliane Bettencourt, the daughter of the beauty giant’s founder, who holds 30 percent of the company.

Two French newspapers, Le Figaro and Le Journal du Dimanche, over the weekend cited court documents in which Banier is said to have told authorities that Bettencourt had given gifts to a number of other people. According to reports of Banier’s statement, Lindsay Owen-Jones and François Dalle, the two former heads of L’Oréal, were given 100 million euros, or $148.8 million at current exchange, and 8 percent of the firm’s shares as a reward for building the company into the industry leader.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus