In Brief: Aloette Cosmetics
This article was originally published in The Rose Sheet
Executive Summary
Aloette Cosmetics: John Teaford resigns as president, chief operating officer and director, and David Baxter resigns as director, a position he has held since June 1993. Teaford's duties will be assumed by Chairman, CEO and co-founder Patricia Defibaugh. Aloette has no immediate plans to replace Teaford. Several of Aloette's franchisees have lawsuits pending against the firm, alleging breach of franchise and fraud...