Liliane Bettencourt (L) and her daughter Francoise Bettencourt-Meyers (R) in March 2011
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L'Oreal heiress Bettencourt under family guardianship

L'Oreal heiress Liliane Bettencourt, 88, is to be placed under the guardianship of members of her family.

A French judge made the ruling based on concerns about Mrs Bettencourt's declining mental health.

The family are reportedly concerned about her health and management of her fortune, estimated at 16bn euros (£13bn: $20bn) by Forbes magazine.

Mrs Bettencourt's lawyer said the decision was "profoundly disappointing".

Hugh Schofield reports.

  • 17 Oct 2011
  • From the section Europe