Pierre Fabre, founder of pharmaceutical giant, dies

today Jul 22, 2013
Download the article
Click here to print
Text size
aA+ aA-

PARIS, France - 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.

Pierre Fabre | Source: AFP

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".

"Pierre Fabre had a vision and an ambitious plan for his company," said its new president Pierre Gattaz in a statement.

"He was one of the big French decision makers, one of those who gave most to his region, to the job market and local economic development."

Fabre, a rugby union fanatic who owned current French champions Castres, died in his hometown of Lavaur, near Toulouse.

Copyright © 2020 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.