Eugene Schuller
Eugène Schueller (20 March 1881 Paris – 23 August 1957) was the founder of L'Oréal, the world's leading company in cosmetics and beauty.
Career With Loreal
As a young French chemist and 1904 graduate of the Institut de Chimie Appliquée de Paris (now Chimie ParisTech), Eugene Schueller developed in 1907 an innovative hair-color formula. He called his dye Auréale. With that, the history of L'Oréal began. He formulated and manufactured his own products, and sold them to Parisian hairdressers.
In 1909, he registered his company, the "Société Française de Teintures Inoffensives pour Cheveux", the future L'Oréal. The guiding principles of the company that would become L'Oréal were put into place from the start: research and innovation in the interest of beauty.
Family
Schueller's daughter, Liliane Bettencourt, is the widow of André Bettencourt with whom she had one daughter, Françoise Bettencourt Meyers, a member of L'Oréal's board of directors. Françoise Meyers is married to Jean-Pierre Meyers, whose parents died in the Nazi concentration camp at Auschwitz. Liliane Bettencourt is currently the second wealthiest woman in the world, with holdings estimated at $23.5 billion
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