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A candid chat with the formerly canceled beauty executive on the state of the trade, the existential threat of the fashion conglomerates, and the future of D.T.C.
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In February 2022, Estée Lauder Companies executive John Demsey was fired from the beauty conglomerate after posting a derogatory meme on his personal Instagram account. It derailed his career, much of which was spent transforming the group from a beauty-counter relic into a modern holding company with “disruptive” brands including MAC (which he ran after the group acquired it in 1998), Bobbi Brown, Tom Ford, and Jo Malone.
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