We imagine that about half the female population the world over broke out into stress spots when news broke last week that cult beauty brand The Ordinary was shutting down operations, due to alleged "major criminal activity".
However, the company will continue business as usual while Truaxe will be removed as CEO, as ordered by a judge in Canada. In a ruling against Truaxe, the court sided with beauty giant Estée Lauder, a minority shareholder in the company, to oust Truaxe.
Estée Lauder asked the court to appoint Nicola Kilner, Deciem's co-CEO, as CEO on an interim basis. Kilner had left the company earlier this year, only to be re-hired by Truaxe in July.
Finally, the company also requested that Truaxe be barred from Deciem's board of directors, preventing him from hiring or firing more employees or posting further on the company's social media accounts.
In documents submitted as part of court proceedings, Estée Lauder stated that Truaxe's behaviour was "extremely erratic, disturbing and offensive" during the past year. "Unfortunately, Truaxe's conduct has continued to become more erratic and concerning," it said.
In recent years, Truaxe had drawn criticism for his erratic business model as well as his unsavoury treatment of employees, at one stage firing his entire US team without notice.
The announcement of the company's closure, made by Brandon Truaxe, CEO of the brand's parent company Deciem over Instagram, was the latest in a series of erratic and vague posts, and prompted much discussion over the purported criminal activity, as well as whether Truaxe should be in charge of the company.
The company's website was turned into a HTML page while Deciem stores around the world were shuttered with signs that read "Please don't get mad. We are closed for an unforeseeable concern".
Deciem, which also includes brands NIOD and Hylamide, is beloved worldwide for its no-nonsense approach to skincare, extremely affordable prices and paired back packaging. The company employs 400 people.