P&G looks to acquire Frederic Fekkai brand
CINCINNATI Procter & Gamble is looking to acquire from private equity firm Catterton Partners high-end hair care brand Frederic Fekkai & Co., according to reports.
Terms of the deal were not disclosed.
The deal would expand P&G’s portfolio and add to its line of upscale beauty products that includes SK-II skin care.
According to reports, Fekkai will have a ongoing role and will continue to drive creative efforts, brand image and product development.
Walgreens to no longer carry IsaDora brand
NEW YORK Swedish cosmetics brand IsaDora, which was previously available exclusively at Walgreens, is now being offered only through CosmeticMall.com.
As of March 1, Walgreens no longer carries the beauty line. Walgreens launched IsaDora in 2003, joining several of its peers, such as CVS with its Lumene, a European skin care and cosmetics brand from Finland. The strategy behind such exclusive deals is to engender shopper loyalty by introducing U.S. consumers to European beauty brands and to establish the chain as a destination for beauty.
As of March, IsaDora’s products, including its new Mineral Makeup line, can be purchased through www.cosmeticmall.com, a purveyor of beauty and personal care via the Internet. The products can also be purchased through CosmeticMall.com partners Amazon.com and Shop.com.
“CosmeticMall.com is the ideal partner for us because they are extremely committed to educating their consumer and to offering them the best possible products to meet their individual needs,” stated IsaDora’s creative director Ingrid-Marie Johansson. “We’re thrilled they’ll be carrying our Mineral Makeup and summer color collections and will be working closely with CosmeticMall.com on future launches including fall and holiday.”
Falsetti resigns as Ascendia chairman
HAMILTON, N.J. Ascendia Brands, which acquired in early 2007 the Calgon and healing garden brands from Coty Inc., has announced that Joseph Falsetti has resigned as executive chairman and as a member of its board of directors.
Ascendia and Falsetti have entered into a Separation Agreement under which Falsetti agreed to the termination of his employment agreement entered into on Feb. 12, 2007, and forfeited rights to certain incentive stock options, in return for mutually agreed-upon severance payments, the company stated.
Ascendia Brands, a player in the value and premium value segments of the health and beauty care products sector, expanded in 2005 its range of product offerings through the acquisition of a series of brands, including Baby Magic, Binaca, Mr. Bubble and Ogilvie. In February 2007, it acquired the Calgon and the healing garden brands.