Procter & Gamble has agreed to purchase Frederic Fekkai & Co., a salon hair care company. A purchase price was not disclosed. “An excellent acquisition for P&G, adding prestige priced, designer products to their already strong haircare lineup, although it will be interesting to see how P&G handles sales through the Prestige channel in the U.S.,” observed Colin Hession, managing director of Colin Hession Consulting. Frederic Fekkai, headquartered in New York, m...