Wednesday, February 29, 2012

Liliane Bettencourt Exits Family Business

Liliane Bettencourt, heiress of cosmetics giant L’Oreal and France’s richest woman, has quit the board of the family business and will be replaced by her grandson.

The move comes a few months after it was found that the 89-year-old is suffering from “mixed dementia” and “modestly severe” Alzheimer’s. She was put under the guardianship of her daughter, Francoise Bettencourt-Meyers, and grandsons in October last year.

Full Article and Source:
Bettencourt Exits Family Business

See Also:
L'Oreal Heiress Loses Attempt to Free Herself From Daughter's Guardianship

2 comments:

  1. I feel so sorry for this woman. I think of the saying that money can't buy happiness. It also can't buy true protection.

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