In Brief: Chanel
This article was originally published in The Rose Sheet
Executive Summary
Chanel: May be considering entry into haircare arena. The company has signed a joint venture agreement with beauty salon entrepreneur Frederick Fekkai covering an undisclosed product line. According to Chanel, the agreement allows the company to "maximize the marketing effort behind an individual and product line that we believe has tremendous potential." Based in New York City, Frederick Fekkai Beaute will be headed by former Chanel Beaute VP Michelle Taylor who assumes the title of senior VP and general manager at the new company...