Estée Lauder, Deciem Headed to Court Hearing
8 days ago - By WWD
As early as Friday morning, Deciem founder Brandon Truaxe may be out of a job.
On Friday, Deciem and the Estée Lauder Cos. Inc. are heading to a 10 a.m. hearing in the Ontario Supreme Court where a judge will decide whether or not to sign Lauder's request for an injunction that would remove Truaxe from his roles as chief executive officer and board member at Deciem. The hearing could also be extended and adjourned.
Deciem co-ceo Nicola Kilner, founder Brandon Truaxe and Estée Lauder ceo Fabrizio Freda after Lauder invested in the business in 2017.
Lauder, which owns 28 percent of Deciem...
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