Beauty Features

Deciem Founder Brandon Truaxe Has Been Ousted

8 days ago   |   By

A Canadian judge ruled Friday morning to oust Deciem founder Brandon Truaxe.
The judge granted the injunction filed Wednesday afternoon by Deciem's minority investor, the Estée Lauder Cos. Inc., seeking to have Truaxe removed from the company's board and as chief executive officer after he unilaterally decided to shut the business down on Monday. Co-ceo Nicola Kilner will step up as the sole, interim ceo, and Deciem operations are expected to resume as soon as possible.
That includes reopening the stores that Truaxe closed, announcing the retrenchment on Instagram earlier this week.
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Estée Lauder Sues Deciem, Seeks To Remove Founder After 'erratic'

8 days ago   |   By

The Estée Lauder Companies Inc. filed a lawsuit against popular skin-care company Deciem and its founder after he announced in a video on Instagram that he was temporarily shutting down all of its stores because of what he described as
"major criminal activity.", according to the reports.
Estée Lauder, which owns a minority stake in Toronto-based Deciem, is requesting that founder Brandon Truaxe be removed as co-chief executive and that the other chief, Nicola Kilner, serve as sole chief Executive officer on an interim basis, the reports said citing the suit filed in the Ontario Superior...
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