Agence France-PresseJuly 20, 2013 09:31
Pierre Fabre, founder of the eponymous pharmaceutical and cosmetics giant, died Saturday at his home in southwestern France, aged 87, a source close to the company said.
The company which he founded in 1962 employs 10,000 people -- 6,700 in France -- and had a turnover of 1.972 billion euros last year.
It has 42 overseas branches, with products available in 130 countries.
French employers' union MEDEF paid tribute to Fabre -- France's 43rd richest man according to financial weekly Challenges -- saying his death was "a huge loss".