P&G sells off hairdresser chain and brand Frédéric Fekkai

P&G sells off hairdresser chain and brand Frédéric Fekkai

Cosmetics firm P&G has sold off its luxury hair brand Frédéric Fekkai to joint venture Fekkai Brands. Procter & Gamble also had a network of hairdressers, equally named Frédéric Fekkai, which it also sold off to the same company.

Sold because of internal restructuring

Fekkai Brands is a joint venture from Dilesh Metha (Designer Parfums' CEO) and Tony Bajaj (LUXE Brands' CEO). The goal is to expand its own portfolio through the acquisition.

 

P&G is currently undergoing a restructuring and wants to sell off up to 100 brands. The cosmetics company wants to focus on its large, profitable brands like Pantène and Olay.

 

Procter & Gamble bought Frédéric Fekkai in 2008 for 400 million dollars (368 million euro), but it is unclear how much it has received for the sale.

 

Frédéric Fekkai's hairdresser salons currently employ 225 people, who will all keep their job. Frédéric Fekkai himself will stay on as an advisor.

Questions or comments? Please feel free to contact the editors


Sephora launches smaller store formula

24/07/2017

Cosmetics manufacturer Sephora launched a smaller store formula in the United States. Up until now, it had focused on large stores, but has now turned its attention to smaller stores.

Brazilian takeover of The Body Shop confirmed

29/06/2017

L’Oréal has officially confirmed the sale of its British subsidiary The Body Shop to Brazilian Natura Cosméticos. The deal was signed this week, is estimated to be worth 1 billion euro and should be finalized before the end of the year.

AS Watson wants to acquire Holland & Barrett

22/06/2017

AS Watson, Kruidvat’s parent company, has entered negotiations to acquire Holland & Barrett. It is apparently willing to pay one billion pounds (1.15 billion euro).

Estée Lauder doubles Victoria Beckham product range

22/06/2017

Things are going very smoothly for Estée Lauder and Victoria Beckham. Their first two “limited collections” sold out instantly and that is why the former Spice Girl will create a third collection.

Brazilian competitor on the verge of The Body Shop acquisition

09/06/2017

French L’Oréal has entered exclusive negotiations with Brazilian Natura Cosméticos to sell store chain The Body Shop, in a deal that should be worth a billion euro.

Belgian online pharmacy Pharmasimple wants to conquer Europe

29/05/2017

Pharmasimple, an online pharmacy founded in Brussels seven years ago, experienced a 66.2 % turnover growth to 11.3 million euro in 2016. However, it has lofty ambitions, targeting a 100 million euro turnover in the next five years.

Back to top