Billionaire L'Oreal heiress, daughter reconciled

6th December 2010, Comments 0 comments

Billionaire L'Oreal heiress Liliane Bettencourt has reconciled with her daughter Francoise Bettencourt-Meyers, they announced Monday in a joint statement, marking the end of a series of lawsuits.

Bettencourt-Meyers had been seeking to have her 88-year-old mother declared mentally unfit to manage what is France's largest private fortune and had sued a society photographer, accusing him of exploiting his ties to the family.

But the daughter's lawyer Olivier Metzner told AFP: "Liliane and Francoise, as they had hoped, have reconciled and agreed to put an end to all disputes.

"They are overjoyed to be together again, even if it took three years of judicial disagreements to get to this happy ending," he said, confirming that Francoise had dropped her case against photographer Francois-Marie Banier.

Bettencourt, France's richest woman, broke with Banier earlier this year, cutting him out of her will and depriving him of an estimated 1.25 billion euros.

© 2010 AFP

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