Word: oreal
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...money for a photograph. But the right picture of the right perfume in the right bottle by the right designer can significantly fatten L'Oreal's bottom line. One Lanvin suit in a Russian department-store window or on Kate Moss on the cover of a fashion magazine can inspire thousands of sales and raise the profile of the designer, the store and the photographer who shot the photograph...
...rise 13% in two weeks. COGNITEC: This tiny German tech company collapsed in the 1990s because there wasn't a market for its face-recognition technology. That's changed as terrorism has become a priority; the reborn firm recently won a test carried out by four U.S. agencies. L'OREAL: Even in difficult economic times, consumers still want to look fabulous. That's propelling the French cosmetics giant's sales - up 10.4% in the first three months of this year - despite American boycott calls. GENERALI: European insurers were crushed by falling stock markets and will be the first to benefit...
...outsize influence in Europe, because of family tradition and because public shareholding is less well established there than in the U.S. About 85% of companies in the European Union are family run, and families have controlling or substantial stakes in many of the biggest firms, from BMW to L'Oreal. A study by Merrill Lynch and Cap Gemini Ernst & Young estimates that 2.5 million Europeans had financial assets of more than $1 million in 2001, compared with 2.2 million North Americans. There are more American billionaires than European ones, but in a comparison of the wealthiest people on both sides...
...some of the most established and successful family firms, the heirs have switched from an active-management to a passive-investor role. Consider Liliane Bettencourt, 80, who manages her family's $11 billion stake in L'Oreal cosmetics--founded by her father in 1907--through a holding company. She and her daughter Francoise, 49, sit on the L'Oreal board, but no other family member works at the firm. When Freddie Heineken died last year, control of his brewing colossus passed to his daughter and sole heir, Charlene de Carvalho Heineken, 48. She lives in London with her banker husband...
...converted to the active form in the skin, it's unclear whether they have an effect. Even if you find a cream with alpha-tocopherol in it, there's no definitive word on how strong it should be, according to Dr. Karen Burke, a dermatologist who consults for L'Oreal's Helena Rubinstein division. However, Burke's experiments with mice suggest that vitamin E creams should contain at least 1% alpha-tocopherol. Most lotions don't give percentages of their ingredients. Of the brands we tested, only Lancome's Primordiale eye creme-gel contained this ingredient, at a very small...