It's official! Bobbi Brown is set to part ways with her eponymous cosmetics label after 25 years. Issuing a statement shared with WWD, Brown said that the milestone year "made me realise it was time to start a new chapter and move on to new ventures. I am thankful for the extraordinary people that I've had the privilege to work with over the years and proud of the creative endeavours and innovative products we've created together, and the Lauder family for the many opportunities they gave me."

Reports suggest that Brown will reveal her new endeavours sometime in the new year. Meanwhile, Estée Lauder's Global Brand President Peter Lichtenthal will take over the reins from Brown.

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