Olaplex, a high-end hair care brand, and its CEO, JuE Wong, are being sued for $75,000. Several women say that the products caused them to go bald and get blisters, know her net worth
The lawsuit has made people worry about how safe the company’s products are and how responsible the CEO is. Four women filed the lawsuit in the Superior Court of California. They say that after using Olaplex’s hair care products, they lost hair, got blisters on their scalps, and were hurt in other ways.
The people suing Olaplex say that its products are broken and dangerous, and that the company hasn’t done enough to warn people about the risks of using them.
Women sue CEO of Olaplex after experiencing baldness and blisters from hair products
The lawsuit names JuE Wong, the CEO of Olaplex, as a defendant. It says that she was in charge of making sure the products in question were made, marketed, and sold. The people who filed the lawsuit say that Wong should have known about the risks of the products and that she didn’t do enough to deal with them.
Olaplex Taps JuE Wong as CEO. #hair #beautyproducts #skincareadvice https://t.co/LODdqispxx pic.twitter.com/9W0HQmsSF1
— liam graham (@LiamGraha) January 14, 2020
In response to the lawsuit, Olaplex put out a statement in which it denied the claims and said that it cared about its customers’ safety. The sentence said, “We stand behind our products and their safety, and we are confident that we will prevail in this lawsuit. We remain committed to providing our customers with the highest-quality hair care products and will continue to work to ensure their safety and satisfaction.”
People are worried about whether or not Olaplex’s products are safe and whether or not its CEO is responsible. Also some customers have asked for the beauty industry to be more open and regulated, and for companies to take more responsibility for making sure their products are safe.
Who is Jue Wong Olaplex CEO, her bio, net worth in 2023, salary, husband and age
Who runs Olaplex as its CEO?
Olaplex has been bought by Advent International (Advent), and the company’s founder, Dean Christal, also owns it. With this purchase, it will be able to sell more products in more places and to more people in more places.
Jue Wong has a Bachelor of Arts in International Economics, Political Science, and International Economics from the Australian National University. She has worked as Trading Manager at Cargill, Director of Business Development/Board Member at China Mitr Phol Group, Director/Board of Director-China at Pepsico, VP International & Business Development/Executive Board Member at Murad, EVP of Global Sales and Business Development at ZO Skin Health, Inc., CEO/Executive Board Director of Astral, etc. She has worked for Olplex for more than three years, according to LinkedIn.
Unfortunately, Wong lost her husband because of a heart attack in 2009 and it was a particularly terrible blow because his support had been a major contributor to her success.
Wong completed Olaplex’s IPO in October 2021 and saw $600,000 in annual revenue last year, a 112% YOY increase and before joining Olaplex, Wong had other distinguished roles in the consumer product world, including former Global CEO of Moroccanoil, a leading argan oil beauty products distributor, and president at Elizabeth Arden.
During her tenure as CEO of StriVectin, she won the Gold Stevie Award for Female Executive of the Year in consumer products.
Compensation vs Market: 60 year old JuE’s total compensation ($USD1.59M) is below average for companies of similar size in the US market at ($USD6.45M).
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Company’s product safety was in question before
Olaplex has been sued before over the safety of its products, so this is not the first time. In 2017, the company settled a lawsuit with L’Oreal, another hair care brand, over claims that Olaplex stole trade secrets and competed unfairly. The settlement is said to have cost Olaplex a lot of money.
enjoying a diet coke while the olaplex chemicals seep through my skull and melt my brain pic.twitter.com/HvWxQdDWSe
— not even to dinner with the kushners??? (@mivelxcx) February 4, 2023
The case against Olaplex and JuE Wong is still going on, and it’s not clear how it will end. No matter what happens, it has shown how important product safety is and how the beauty industry needs to be more responsible.
Consumers should know about the possible risks of using beauty products and should do their research before buying. Also it’s important for companies to be honest about what’s in their products and what risks they might pose, and to take the right steps to fix any safety issues. In the end, all companies in the beauty industry should put the safety and happiness of their customers first.
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