LOréal

L’Oreal shares down 4% on lower-than-expected sales, slowdown in Asia

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Balint Porneczi/Bloomberg | Getty Images LONDON — L’Oreal shares fell more than 7.3% in early deals Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia. Shares of the stock had recovered slightly to trade down by 4.5% at 10:40 a.m. London time. The world’s … Read more

Reclusive L’Oréal heir, who plays piano for hours a day, becomes the first woman with a $100 billion fortune

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Françoise Bettencourt Meyers, the heir to the L’Oréal beauty empire is worth over $100 billion. The 70-year-old is the first woman to be worth over $100 billion. L’Oréal’s stock are up 35% year-to-date after hitting a record high on Thursday. Françoise Bettencourt Meyers, the heir to the L’Oréal beauty empire has become the first woman … Read more