Former Lauder govt John Demsey joins L Catterton as Senior Advisor

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.  

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?