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Liliane Bettencourt And What To Learn From The Woman Behind L’Oréal

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Liliane Bettencourt, the heiress to L’Oréal, was, when she died, the richest woman in the world and the 14th richest person in the rest of the world. While fashion and cosmetics were the center of Liliane’s world, there was a lot more to her than just looking chic and pretty. Everything about Liliane’s life has been under public scrutiny and everything she did, helped her push L’Oréal to an unforeseen and unprecedented level. While the rest of the world remembers for her very public and ugly feud with her daughter, we would like to remember her for the way she built the Company up!

1. Her dedication to business

Picture credits: theguardian.com

From companies like Sun Pharma, to Foxconn and to L’Oréal, all major family run businesses have one thing in common: dedication to the business. With Liliane Bettencourt, the addiction and the conviction to the business was so strong, it was almost infectious. In fact, she said exactly that in a statement shortly before her death, “My life is L’Oréal. I have always been involved in the development of the company, and I will protect it to the end.” At another time, during the early days of Liliane’s role as a CEO Of L’Oréal, someone suggested using Isabella Rossellini as the brand ambassador. The moment Liliane heard the news, her response was. “But, ambassador of L’Oréal, it’s me!” Sticking true to her dedication to the Company, Liliane always thought of her business first, then anything else.

2. Family and stability always go hand in hand

Picture credits; livemint.com

Despite having a very public war with her daughter, over property and money, among other disagreements, Liliane always believed that family comes first. Further, one of her other concerns came from the fact, she wanted the control of the business within the family. In fact, when Nestlé bought a majority stake from L’Oreal, Liliane ensured that at least 30 % of the shares were within the Company and not sold. This helped make sure, no matter what, as long as Liliane was alive, one third of the control was going to be in the family! If family and stability was not the center of Liliane’s growth strategy, then L’Oreal wouldn’t be what it is even after her death!

3. Keep expanding and growing

Picture credits: lovealusa.com

When L’Oréal started, it was a small cosmetics chain where most of the products were sold domestically. With every product sold and every sale made, the profits L’Oréal earned through the years, propelled it to the top! Growing from having almost nothing, to earning 26 billion as revenue in 2016, L’Oréal grew exponentially. Further, the shares which Bettencourt sold back to Nestlé before she died, increased the value of L’Oréal by at least a 100 times, making the Company one of the richest ones in the world!

Liliane Bettencourt led an eventful life. With a journey full of ups and downs, she made sure, no matter what she did, her business was always her focal point. A journey rooted deep in family and values, Liliane Bettencourt’s life stopped short at the ripe old of 94. A woman who fought tooth and nail to make a mark, she most certainly has left a strong legacy behind.

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Entrepreneur Stories

Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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