When you think of L’Oreal, do visions of candy bars dance through your head? Don’t be alarmed if they do. As a matter of fact, after this post, you may never again be able to look at a tube of Voluminous Mascara without picturing a Nestle Crunch bar.
Swiss food giant Nestle owns a 28 percent stake in L’Oreal. Today Nestle, which owns bits and pieces of dozens of different companies, sold an $11 billion chunk of contact lens maker Alcon. What does this have to do with L’Oreal? Well, rumor has it that Nestle intends to use the proceeds from the Alcon sale to stage a full takeover of L’Oreal. Yes, Nestle is sweet on makeup.
This afternoon, in the pursuit of “makeup knowledge,” your girl 1) ate a Nestle Crunch bar and 2) uncovered a few fun facts about L’Oreal.
Did you know…
- L’Oreal’s largest single shareholder is 85-year-old French heiress Lilian Bettencourt, daughter of L’Oreal’s founder. Worth an estimated $22 billion, Bettencourt is also the world’s richest woman.
- Swiss food company Nestle owns 1/4 of the company.
- L’Oreal is the world’s largest cosmetics company.
- L’Oreal is also the top nanotechnology patent-holder in the United States.
- L’Oreal was founded in 1907 by Eugene Schueller, a young French chemist who developed an innovative hair-color formula. He named his improved hair dye AurÃ©ole. With that, the history of L’Oreal began.
- L’Oreal employs 50,500 people (only 24 percent work in France) in over 130 countries.
- Spokespeople for L’Oreal have included Aishwarya Rai, Matthew Fox, Ben Affleck and the Spice Girls.
- L’Oreal consists of over a dozen global brands split into five groups: consumer products, professional products, luxury products, active cosmetics and The Body Shop.
Sources: wikipedia, Forbes, LOreal.com
The nanotechnology and Matthew Fox things are a little out of left field, yah?
Your friendly neighborhood beauty addict,
P.S. Before you jet, beauty lover, check out the home page for more makeup reviews.