11.09.18
Frédéric Fekkai, in partnership with Cornell Capital LLC, has taken back the brand he started by acquiring Frédéric Fekkai Brands.
Fekkai Brands creates hair and body care products, including shampoos, conditioners, treatments, hair fragrances and styling products. Additionally, the company owns and operates a number of salons across the US.
Fekkai, who founded his namesake brand in 1996, sold it in 2008 to Procter & Gamble. P&G then sold the brand in 2015 to a joint venture formed between the CEOs of Designer Parfums and Luxe Brands. The ownership group selling off the company includes Dilesh Mehta, Tony Bajaj, Joel Ronkin and Amy Sachs
Blue Mistral LLC, a holding company founded by Fekkai and Cornell Capital, will own and operate Fekkai Brands together with Bastide, a fast-growing Provence-based provider of luxury fragrances and hand and body care products that Fekkai has led since 2017. As CEO of Blue Mistral, Fekkai will further accelerate the growth of the Fekkai Brands and salons by placing a heightened emphasis on education, innovation and the customer's overall experience while leveraging opportunities for collaboration with Bastide.
"I am thrilled to rejoin Fekkai Brands and eager to reconnect with the salons, teams and consumers," said Fekkai. "This acquisition will provide me the opportunity to reinfuse my passion for innovation into the brand, while reigniting its growth and guiding Fekkai Brands through its next chapter in a modern and exciting way."
"The opportunity to partner with Frédéric, a proven entrepreneur in the beauty sector, as he returns to the helm of his iconic brand is truly compelling," said Henry Cornell, senior partner of Cornell Capital. "Leveraging Cornell Capital's cross-border network and operational expertise, and Frédéric's deep relationships and reputation within the industry, Fekkai Brands is well-positioned to succeed in the growing global cosmetics and personal care industry."
Ronkin, exiting CEO of Fekkai Brands added, "Frédéric is an accomplished entrepreneur with a proven track record of building highly desirable brands. We are confident that his return to the Company will be instrumental in fueling its growth and driving innovation."
Fekkai Brands creates hair and body care products, including shampoos, conditioners, treatments, hair fragrances and styling products. Additionally, the company owns and operates a number of salons across the US.
Fekkai, who founded his namesake brand in 1996, sold it in 2008 to Procter & Gamble. P&G then sold the brand in 2015 to a joint venture formed between the CEOs of Designer Parfums and Luxe Brands. The ownership group selling off the company includes Dilesh Mehta, Tony Bajaj, Joel Ronkin and Amy Sachs
Blue Mistral LLC, a holding company founded by Fekkai and Cornell Capital, will own and operate Fekkai Brands together with Bastide, a fast-growing Provence-based provider of luxury fragrances and hand and body care products that Fekkai has led since 2017. As CEO of Blue Mistral, Fekkai will further accelerate the growth of the Fekkai Brands and salons by placing a heightened emphasis on education, innovation and the customer's overall experience while leveraging opportunities for collaboration with Bastide.
"I am thrilled to rejoin Fekkai Brands and eager to reconnect with the salons, teams and consumers," said Fekkai. "This acquisition will provide me the opportunity to reinfuse my passion for innovation into the brand, while reigniting its growth and guiding Fekkai Brands through its next chapter in a modern and exciting way."
"The opportunity to partner with Frédéric, a proven entrepreneur in the beauty sector, as he returns to the helm of his iconic brand is truly compelling," said Henry Cornell, senior partner of Cornell Capital. "Leveraging Cornell Capital's cross-border network and operational expertise, and Frédéric's deep relationships and reputation within the industry, Fekkai Brands is well-positioned to succeed in the growing global cosmetics and personal care industry."
Ronkin, exiting CEO of Fekkai Brands added, "Frédéric is an accomplished entrepreneur with a proven track record of building highly desirable brands. We are confident that his return to the Company will be instrumental in fueling its growth and driving innovation."
