THE WHAT? The Bettencourt Meyers family, L’Oréal’s largest shareholder, has appointed two senior investment executives to its family holding company, Téthys, strengthening its financial management and private investment capabilities as it expands its portfolio beyond the cosmetics industry.
THE DETAILS Téthys, chaired by Françoise Bettencourt Meyers, has appointed Laure Negiar as Senior Director within its asset management division and Julie Hazard as Senior Investment Director at Téthys Invest, its direct investment arm. Negiar joins from Comgest, where she spent more than 15 years specialising in global equities, while Hazard previously worked at private equity firm Astorg and consultancy Bain & Company. The appointments follow a series of investments across technology, healthcare, fashion and education, including holdings in Septeo, Sézane and Galileo Global Education. The Bettencourt Meyers family owns approximately 34.8 percent of L’Oréal, with Téthys managing its wider investment interests.
THE WHY? The appointments highlight the increasing sophistication of investment strategies among major family shareholders in the global cosmetics industry. By strengthening its internal investment expertise, the Bettencourt Meyers family is expanding its ability to manage substantial financial assets and pursue acquisitions beyond L’Oréal, while maintaining its position as the cosmetics group’s largest shareholder.
Source: Bloomberg
