Deciem reopens stores
today Oct 18, 2018
The cosmetics company announced that it was reopening all stores, offices, factories and warehouses, after being abruptly shut down by Truaxe.
The head of the Toronto-based cosmetics company suddenly announced plans to shut down all stores until further notice, last week.
The news follows a court ruling, which took place on Friday in the Ontario Superior Court of Justice, where founder Brandon Truaxe was ousted of his role as the firm's co-chief executive.
The Estée Lauder Companies filed the injunction against the founder. The French company acquired a 28 percent stake in Deciem in 2017.
“[…] We are a team of beautiful humans with deep hearts invested so heavily and lovingly in DECIEM. This love is what makes weeks like the last one so difficult,” the caption read.
“Brandon will always be the founder of Deciem. We will take the passion and values he has instilled within us as we continue to grow the brands we have created with transparency, integrity, authenticity, function and design,” the caption continued.
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