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March 4, 2026
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  4. Kering establishes two new internal divisions
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News briefs

Estée Lauder, Zenith, Sotheby’s, luxury sanctions and Russia-Ukraine webinar

March 1, 2022

John Demsey posted a meme with racial slurs, and the company is holding him accountable. Image credit: Estée Lauder

 

By Luxury Daily News Service

Luxury Daily’s live news for Feb. 28:

Estée Lauder fires group president
U.S. beauty group Estée Lauder Companies has asked group president John Demsey to resign effective this week following a recent post on his personal Instagram account.

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  4. Kering establishes two new internal divisions
  5. Rolex Awards welcomes 50th laureate class
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  7. Yearly sales drop 5pc at OTB Group
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