Coty Strengthens Pro Hair Position with GHD
Coty Inc. expanded its international “hair print” by reaching a definitive agreement to acquire London-based ghd (which stands for “good hair day”) a premium brand in high-end hairstyling appliances from Lion Capital LLP.
The addition of ghd’s market-leading and high-performance lines of hair straighteners, hairdryers, curlers and other hairstyling appliances is expected to further strengthen Coty’s worldwide leading position in the professional hair category. ghd products are expected to enable Coty to offer salon partners and their clients an enhanced and more premium range of hair solutions. Coty intends to accelerate ghd’s strong track record of growth through its channel and category capabilities combined with ghd’s strong innovation pipeline, cutting-edge technology and technical expertise.
ghd has commercial operations in the United Kingdom, Australia, the United States, Germany, France, Spain, Italy and several other markets. The company has been expanding from its core salon channel into premium retail and e-commerce.
ghd will become part of the Coty Professional Beauty division, where it will be managed as a standalone business led by its current CEO Anthony Davey and his management team. Davey will report to Sylvie Moreau, president of Coty Professional Beauty.
The transaction is expected to close by the end of this year.
The addition of ghd’s market-leading and high-performance lines of hair straighteners, hairdryers, curlers and other hairstyling appliances is expected to further strengthen Coty’s worldwide leading position in the professional hair category. ghd products are expected to enable Coty to offer salon partners and their clients an enhanced and more premium range of hair solutions. Coty intends to accelerate ghd’s strong track record of growth through its channel and category capabilities combined with ghd’s strong innovation pipeline, cutting-edge technology and technical expertise.
ghd has commercial operations in the United Kingdom, Australia, the United States, Germany, France, Spain, Italy and several other markets. The company has been expanding from its core salon channel into premium retail and e-commerce.
ghd will become part of the Coty Professional Beauty division, where it will be managed as a standalone business led by its current CEO Anthony Davey and his management team. Davey will report to Sylvie Moreau, president of Coty Professional Beauty.
The transaction is expected to close by the end of this year.