Well, we saw it coming; Esteé Lauder is Firing + suing Deciem CEO – Brandon Truaxe for not complying with the unanimous Shareholding Agreement. Let me rephrased that; Brandon Truaxe is in deep trouble and will probably lose his company (and job) to Esteé Lauder, who is a 28% shareholder. This all happend a day after he has fired the CFO of Deciem and 2 days after he shut down all stores including Deceim’s website.
In the Notice of Application from Esteé Lauder to Truaxe, these are the most important points:
See the full Notice of Application below:
To be continued…
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Dec 15, 2015 6
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