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.
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EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)