Eugène Paul Louis Schueller (20 March 1881 – 23 August 1957) was a French chemist and entrepreneur who was the founder of L'Oréal, a leading company in cosmetics and beauty.
Founding of L'Oréal
Schueller was of Alsatian origin. He graduated in 1904 from the Institut de Chimie Appliquée de Paris (now Chimie ParisTech) and became a laboratory assistant under Victor Auger (father of Pierre Victor Auger) at Sorbonne. A barber asked him to develop a new hair dye, but Schueller took this opportunity to lead his own research shop.
Schueller developed an innovative hair-color formula in 1907, which he called Oréale. 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 (French Company of Inoffensive Hair Dyes), the future L'Oréal. In his production unit, he developed the concept of proportional salary. In 1936, the social reforms led by Léon Blum in France suddenly created a vacation industry, and the sales of L'Oréal's sunscreen (Ambre Solaire) skyrocketed.
In La révolution de l’économie (1941), he wrote:
Family
Schueller's daughter, Liliane Bettencourt, was the widow of André Bettencourt, with whom she had one daughter, Françoise Bettencourt Meyers, chairwoman of L'Oréal's board of directors and, according to Bloomberg Billionaires Index, the richest woman in the world and the 12th richest person, with a net worth of US$ 94.9 billion as of January 2022. Françoise Meyers is married to Jean-Pierre Meyers, whose rabbi grandfather was murdered in Auschwitz. In 2017, Liliane Bettencourt was the wealthiest woman in the world, with holdings estimated at $39.5 billion.
Legacy
The head office of L'Oréal in Clichy, Hauts-de-Seine is named Centre Eugène Schueller.
References
External links
- Official website of L'Oréal
- Forbes article on L'Oréal
- Book Review of Bitter Scent