“Neither he, nor the current management team, had any knowledge of the incidents described and, in Mr. Unbeknownst to them, Fekkai’s brand had received an influx of cash years earlier from a company backed by L Brands-the same retailer owned by Epstein’s only known client, Les Wexner.Ī spokesperson for Frederic Fekkai brands said the company had been sold by the time of Epstein’s conviction in 2008, and that Fekkai was not involved in the salons at the time. When he was in Florida, former employees said, Epstein would have Fekkai stylists make house calls to his Palm Beach estate. Multiple former Fekkai employees told The Daily Beast that Epstein regularly brought groups of young women into the New York salon after his conviction, where he paid for their services and had them sit on his lap and stroke his hair. But among the most important stops on Epstein’s comeback tour were his regular appointments at hairdresser Frédéric Fekkai’s high-profile salons. The convicted felon donated to prominent charities, convinced friends to invite him to A-list events, and took to wearing a Harvard sweatshirt whenever there was a camera around. The firm currently manages over $2.5 billion of assets and has offices in New York and Hong Kong.In the years after he registered as a sex offender, millionaire financier Jeffrey Epstein launched a veritable crusade to rehabilitate his image. Founder and Senior Partner Henry Cornell, who served as the Vice Chairman of Goldman Sachs' Merchant Banking Division prior to founding Cornell Capital in 2013, leads a staff of more than 20 professionals, including a highly-seasoned senior leadership team with decades of shared investing experience. Partnering with strong and entrepreneurial management teams, the firm seeks opportunities in market- leading businesses across the consumer, energy, financial and industrial sectors. The Company is headquartered in New York, NY.Ĭornell Capital LLC is a private investment firm that takes a value-driven approach to investing.
Fekkai will operate as Chief Executive Officer of Blue Mistral. Bastide, a Provence-based provider of luxury fragrances and hand and body care products, has been operated by Mr. Fekkai more than 20 years ago and reacquired in 2018.
The portfolio currently includes Frédéric Fekkai Brands and Bastide. We are confident that his return to the Company will be instrumental in fueling its growth and driving innovation."īlue Mistral LLC was founded in 2018 by global beauty industry icon Frédéric Fekkai and private investment firm Cornell Capital to operate luxury beauty and personal care brands. Joel Ronkin, exiting CEO of Fekkai Brands added: "Frédéric is an accomplished entrepreneur with a proven track record of building highly desirable brands. Selling the Fekkai brands is an ownership group of Dilesh Mehta, Tony Bajaj, Joel Ronkin and Amy Sachs, which purchased the business in 2015. "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." "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. "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." "I am thrilled to rejoin Fekkai Brands and eager to reconnect with the salons, teams and consumers," said Mr. 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. As Chief Executive Officer of Blue Mistral, Mr. Fekkai and Cornell Capital, will own and operate Fekkai Brands together with Bastide, the fast-growing Provence-based provider of luxury fragrances and hand and body care products that Mr. Fekkai sold Fekkai Brands in 2008.īlue Mistral LLC, a holding company founded by Mr. Additionally, the Company owns and operates a number of premier salons across the U.S. Fekkai more than 20 years ago, Fekkai Brands develops and produces hair and body care products, including shampoos, conditioners, treatments, hair fragrances and styling products. Frédéric Fekkai - Photo Credit: Pamela Berkovicįounded by Mr.
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