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THE WHAT? Disgraced ELC govt, John Demsey has joined L Catterton as a Senior Advisor. The previous Govt Group President left the US status large underneath a cloud after posting controversial content material on Instagram.
THE DETAILS The appointment has not been introduced formally, however Demsey is now listed on L Catterton’s web site. Each Demsey and L Catterton declined to remark when contacted by WWD.
Demsey signed a non-compete settlement with Lauder on his departure, which stays in place till March 2024. Presumably, then, Lauder has okayed the transfer. Â
THE WHY? LVMH’s personal fairness agency described Demsey as a ‘transformational enterprise chief, builder and style/status magnificence pioneer’. With rumors swirling round ELC’s future – activist Nelson Peltz is alleged to be pushing for a sale – might this appointment be extra vital than it seems?  Â
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