Liliane Bettencourt lost a bid to remove her daughter and grandsons as her physical and financial guardians, a French court said in rejecting the L’Oreal SA heiress’s appeal.
The three will continue in their roles, the appeals court in Versailles, near Paris, said in refusing to alter the October decision by a family court judge who said Bettencourt wasn’t mentally fit to manage her own affairs.
“This decision reasserts Madame Liliane Bettencourt’s protection and the family’s duties,” her daughter, Francoise Bettencourt Meyers, and grandsons said in an e-mailed statement. Bettencourt is “protected from the pressure and solicitation that she has suffered for too long.”
[The] decision is the latest in a longstanding feud between the 89-year-old and her daughter. Bettencourt, France’s third-richest person, is the only child of L’Oreal’s founder. The family owns almost 31 percent of the world’s largest cosmetics maker through a holding company.
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