L'Oreal heiress Liliane Bettencourt, 88, is to be placed under the guardianship of family members, the lawyer of her estranged daughter Francoise Bettencourt-Meyers said after a court hearing.
Billionaire Bettencourt, whose mental health is reportedly declining, will be placed under a grandson's guardianship and her wealth and property under that of her daughter Francoise and two grandsons, Charlotte Robbe-Phan said on Monday.
Bettencourt is on L'Oreal's board of directors but since family members are to be her guardians the court's decision should have little impact on the running of the cosmetics giant.
Bettencourt's lawyer Jean-Rene Farthouat said he would appeal the court's ruling, which remained in place pending the appeal process.
The Bettencourt mother and daughter have been at the centre of a very public feud over the fate of France's third-largest family fortune.
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