Deciem stores that had been shuttered for several days reopened on Saturday, after the founder of the so-called "The Abnormal Beauty Company" was ousted by an Ontario court ruling. On Friday, he was removed from his post on an interim basis as a result of a court application from Estée Lauder Companies Inc., which holds about a one-third stake in the business. Truaxe has been removed as the company's chief executive and board member on an interim basis after a judge approved an Ontario court application from Estée Lauder Companies Inc., which holds a reported 28 per cent stake in Deciem. (Bill Arnold/CBC)And while an Estée Lauder spokesperson confirmed the stores had reopened, not everything about the brand had returned to normal. Business analyst Mark Satov likens Truaxe's departure with that of the controversial founder of American Apparel, Dov Charney.

Source: CBC News October 13, 2018 20:03 UTC