The Latest in Beauty News: Bobbi Brown Leaving Namesake Brand to Estee Lauder

After 25 amazing years, Bobbi Brown, has announced she is leaving her eponymous brand in the hands of parent company, Estee Lauder Companies, Inc. She will exit her post as creative director by the end of the year. Global Brand President, Peter Lichtenthal, will take over the business.

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This is what Brown has to say about her exit on the 25th anniversary of her company,

“It was a milestone that made me realize it was time to start a new chapter and move on to new ventures.”

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Bobbi sure has something to be proud of. Sources report that Bobbi Brown Cosmetics is sold in over 70 countries and brings in $580 million in wholesale sales (WWD). Not bad for starting off with just one lipstick at Bergdorf Goodman. She has truly cemented herself as a pioneer in the beauty space. No word yet on what those ventures are, but industry buzz has revealed that Estee Lauder put a non-compete clause in her contract. I guess we will have to wait and see what she does next.

Best of luck to Bobbi Brown in the future.

Article Source: New Beauty

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