Liliane Bettencourt, Heiress to L'Oréal Fortune, Dies

By Matthew Dalton

PARIS -- Liliane Bettencourt, one of the world's richest women and heiress to the L'Oréal cosmetics fortune, died Thursday. She was 94.

"My mother has left peacefully," Françoise Bettencourt-Meyers, her daughter, said in a statement.

Ms. Bettencourt-Meyers, who was appointed guardian of Ms. Bettencourt's assets in 2011, and her sons control 33% of L'Oréal SA's shares. Ms. Bettencourt-Meyers Thursday affirmed her support for Jean-Paul Agon, the company's chief executive.

"In this painful moment for us, I would like to reiterate, on behalf of our family, our entire commitment and loyalty to L'Oréal and to renew my confidence in its President Jean-Paul Agon and his teams world-wide."

Write to Matthew Dalton at Matthew.Dalton@wsj.com

(END) Dow Jones Newswires

September 21, 2017 14:17 ET (18:17 GMT)

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