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Estée Lauder sues founder of Toronto-based skin care company Deciem following his sudden closure of business
By HENRY STANCU Business Reporter
Thu., Oct. 11, 2018
Estée Lauder, owner of 28 per cent of Toronto-based Deciem skin care firm, filed a lawsuit against its founder Brandon Truaxe in Toronto Thursday morning, applying to prevent him having further involvement with the company.
In its court filings, the cosmetics giant sought to prevent Truaxe from having contact with the company, its activities and assets, and to have him replaced as Deciem’s head by co-CEO Nicola Kilner.
https://www.thestar.com/business/20...following-his-sudden-closure-of-business.html
Estee Lauder was successful - Brandon Truaxe has been removed as CEO of Deciem on an interim basis.
https://business.financialpost.com/...cessful-intervention-by-investor-estee-lauder