More notable was the fact that Schueller reportedly established a partnership between the paint and varnish manufacturer Valentine, where he was a co-director, and the German company Druckfarben to supply paint to the German Navy. Frenchman Eugène Schueller, L'Oréal’s founder and Bettencourt Meyers’ grandfather, was said to have been a known anti-Semite. “Contracts with the Nazis were not uncommon for an exclusive circle of entrepreneurs who were in the friendship circle of SS leaders or had other connections,” says Christopher Kopper, a German professor of economics and business history.įrançoise Bettencourt Meyers, the richest woman in the world with $53.3 billion, inherited a nearly $50 billion stake in beauty giant L'Oréal, a company that reportedly thrived under the Third Reich. Businesses didn’t profit only from forced labor.
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