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BellaSugar Awards: Feud We're Glad to See Finished The Bettencourt Battle

2010 Feud We're Glad to See Finished: The Bettencourt Battle

It's rare in the world of beauty that things get heavy and serious. Obviously, there are serious issues (like skin cancer and the like) out there, which we cover, but for the most part, things are light and fun. 'Tis how beauty is meant to be. But for the past few years, there's been a grey cloud hanging over the cosmetics world with the battle between L'Oreal heiress, Liliane Bettencourt and her daughter Françoise Bettencourt-Meyers hitting the headlines, threatening to tear apart a legendary beauty dynasty. L'Oréal was started 101 years ago by Bettencourt’s father Eugene Schueller and is the world's largest cosmetics company. Despite her obvious wealth, Bettencourt was known for being discreet about her personal life but all that changed when her estranged daughter launched an "abuse of weakness" lawsuit against photographer François-Marie Banier, whom Bettencourt was reported to have given over 1 billion Euros (approx AUD$1.3 billion) to. Suddenly this family battle was playing out in front of a worldwide audience for three LONG years and it led to investigations into tax invasion and political financing, which nearly threatened to throw French president Nicolas Sarkozy into the spotlight.

Keep reading . . .Thankfully, it drew to a close this week, with the pair coming to an agreement but disclosing no details. A joint statement on behalf of the pair read: "The decision that Françoise and I have taken offers me hope. It meets my wish to see the family united. We can now embrace the future together, for the good of all of us and for L’Oreal." We're pleased to see the lengthy battle finally resolved and hope that mother and daughter have finally found peace with each other.

Image Source: Getty
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