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Sells luxury hair company Frédéric Fekkai.
May 21, 2015
By: Christine Esposito
Editor-in-Chief
Frédéric Fekkai is headed back home. P&G has reportedly sold the luxury hair care business it acquired in 2008 to Fekkai Brands, which is JV of Designer Parfums and Luxe Brands, which are subsidiaries of Shaneel Enterprises. Terms of the deal were not available. P&G plans to sell off several brands in an attempt to run a leaner company.
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