Word: oreal
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Dates: during 1990-1999
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...state-owned petrochemical giant Elf Aquitaine. Look again. Elf Sanofi already owns such perfume brands as Oscar de la Renta, Van Cleef & Arpels and a share in Nina Ricci. The addition of YSL will create the world's third largest beauty-products group -- behind France's L'Oreal and Estee Lauder...
Advertisers pay the supermodels exorbitantly because they believe these faces can move their merchandise wherever it is sold. Says Noelle Duperrier- Simond, who works on the L'Oreal account at McCann-Erickson's Paris office: "These girls have the looks that work everywhere they're seen. That's what the client is paying for." The face of Isabella Rossellini adorns Lancome ads worldwide; Evangelista and Turlington push Chanel clothes in 23 countries...
...French call it "L'Oreal's greatest moral scandal." A corporate feud has focused attention on the pro-Nazi leanings of the beauty giant's founders. As a result, the U.S. Justice Department is weighing banishment from American soil for Jacques Correze, the honorary head of L'Oreal's U.S. affiliate, Cosmair. The turmoil began after Jean Frydman, a Jewish film mogul, decided to sell his share in Paravision, a L'Oreal-backed movie firm. Unhappy with L'Oreal's offer, he sued, making some provocative charges. He says the company forged his resignation from Paravision in order to placate...
...part of his cosmetics kingdom, spurred by that ghost from the good times: debt. The company still bears an uncomfortably heavy $2.1 billion of liabilities from the original buyout and more recent, high-profile acquisitions like Max Factor and Almay. Rumored shoppers include Paris-based L'Oreal and Cincinnati's Procter & Gamble...