John Demsey posted a meme with racial slurs, and the company is holding him accountable. Image credit: Estée Lauder
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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Zenith partners with Nona Source in upcycling initiative
Swiss watch manufacturer Zenith has announced a new project in collaboration with sustainable textile startup Nona Source to use excess fabric from the company’s brands for watch straps.
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Sotheby’s taps Ryan Murphy to guest curate contemporary auction
Auction house Sotheby’s has invited Emmy Award-winning producer and filmmaker Ryan Murphy to guest curate its upcoming “Contemporary Curated” auction on March 11.
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Italy denies sanction exemption, luxury preps for strict regulations
Italian government officials have shut down reports that the country requested Russian sanction exemptions amid the Ukraine invasion.
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Free webinar: How Russia’s invasion of Ukraine will impact the luxury market
Register now for this free webinar Friday, March 4 at 11 a.m. to noon ET (New York time) on how Russia's invasion of Ukraine will likely impact the luxury market, with potential consequences for brands if affluent consumers shift behavior.