– FEKKAI’S NEW OWNER: It’s official — Procter & Gamble Co. on Thursday became the new owner of prestige hair care business Frédéric Fekkai & Co. Fekkai, who will remain with the company, was appointed brand architect. He will continue to oversee the brand’s overall image and its creative efforts. P&G bought the business from Catterton Partners, a private equity firm. Terms of the deal were not disclosed. “With the closing of the deal behind us, we now look forward to partnering with the Fekkai organization to build the brand and grow the business together,” said Craig Bahner, P&G’s vice president and general manager for North America hair care.
– BONEPARTH’S GIG: Peter Boneparth, former president and chief executive officer of Jones Apparel Group, will join the board of Kohl’s Corp. The department store said Thursday that Boneparth and Dale E. Jones, executive vice president at Leadership Development of Revolution LLC, will join the board. They will serve until Kohl’s 2009 annual meeting, when they will be eligible for reelection.
– HIGHER CHILD LABOR FINES: The House passed a bill Thursday that would increase the penalties against companies violating child labor laws to $50,000 from $11,000. Under the legislation, which the Senate approved Wednesday, the Department of Labor will determine if a violation that caused death or serious injury has occurred and assess the fine. The bill allows the department to double the fines if violations are repeated or willful. The bill now goes to President Bush for his signature. There is still some domestic apparel production in the U.S., but there have been few child labor violations found in the industry in recent years.