Company type | Privately held |
---|---|
Industry | Hair styling |
Founded | January 2001 |
Founder | Martin Penny, Gary Douglas and Robert Powls |
Headquarters | Bridgewater Place, Leeds, United Kingdom |
Revenue | £50,360,000 (2006) |
£9,600,000 (2006) | |
Parent | Wella |
Website | ghdhair |
Good Hair Day, abbreviated to ghd, is a manufacturer of hair care products based in Leeds, United Kingdom. [1] The company is known for its hair straightening irons and is sold in over 50,000 salons worldwide. [2] [3] The company was the first hair tool sponsor of the Victoria's Secret Fashion Show. [4] [5]
Martin Penny, Gary Douglas, Susan Powls, and Robert Powls founded ghd in January 2001. [6] [7] The three collaborated to buy the rights to a hair straightening iron from an inventor in South Korea. [8] The brand grew organically from word of mouth, and began their first advertising campaign two years later. [9] [10] By then, hair salons had purchased £12 million of stock, against a forecast of between £3 million and £4 million. [8]
In May 2004, ghd entered the North American market, which helped generate worldwide sales of £37 million for the year. [11] In July 2006, The Jemella Group, which owned the ghd brand, was bought by Lloyds Development Capital for £55 million. [6] It was sold eleven months later to Montagu Private Equity for £160 million. [12] in February 2013, Lion Capital, a British private equity firm, purchased ghd for approximately £300 million. [13]
By March 2013, the company had sales totalling over £150 million, more than doubling since 2007, selling over two million styling irons through 50,000 salons worldwide. [3] In 2016, Coty bought ghd for an estimated £420 million from the private equity firm Lion Capital LLP. [14] The sale was completed on 21 November 2016. [15]
On December 1, 2020, Coty completed sale of Wella, Clairol, OPI and ghd brands stake to KKR for $2.5bn in cash whilst retaining 40% stake in the standalone company. [16] On October 1, 2021, Coty announced that it would sell approximately 9% of its shares to KKR for $426.5 million. The deal cuts Coty's stake in Wella, Clairol, OPI and ghd brands to around 30.6%. [17]
On November 8, 2021, Coty has agreed to sell an approximate 4.7% stake in Wella to KKR in exchange for the redemption of approximately 56% of KKR's remaining convertible preferred shares in Coty. The deal reduces Coty's total shareholding in Wella, Clairol, OPI and ghd brands to approximately 25.9%. KKR will continue to have a 2.4% ownership stake in Coty on an as-converted basis. [18]
The brand has attracted endorsements from a variety of celebrities including the singer Katy Perry who became the face of ghd in December 2011. [27] [28]
Since 2004, ghd has raised approximately £2.5 million for the Breakthrough Breast Cancer charity. [29] The company produces a limited edition pink hair iron every year, with £10 of the sale price being donated in support the charity. [30] In January 2010, ghd partnered with charity "Mom It Forward" and SafeHouse Denver, a women's shelter that serves victims of domestic violence and their children, in an event at Sephora. [31]
TOPSHOP is a British fast-fashion company, which specialises in women's clothing, shoes and accessories. It was part of the Arcadia Group, controlled by Sir Philip Green, but went into administration in late 2020 before being purchased by ASOS on 1 February 2021. It now operates via the ASOS website and app, as well as being sold in Nordstrom stores in the US on Nordstrom.com. TOPSHOP previously had around 510 shops worldwide.
A hair dryer, hairdryer, hairdrier or blow dryer is an electromechanical device that blows ambient or hot air over damp hair to speed the evaporation of water to dry the hair. Blow dryers enable better control over the shape and style of hair, by accelerating and controlling the formation of temporary hydrogen bonds within each strand. These bonds are powerful but are temporary and extremely vulnerable to humidity. They disappear with a single washing of the hair.
Ana Lúcia Hickmann is a Brazilian television presenter, businesswoman and former model who has worked for Victoria's Secret, Nivea, L'Oreal, Wella, Clairol and Bloomingdales. She has appeared in the South African version of the Sports Illustrated Swimsuit Issue, on the Italian version of GQ, and on the covers of Brazilian Vogue, Marie Claire, and Elle. She currently co-hosts a daytime TV show in Brazil and owns her own clothing, jewellery, cosmetics and accessories brand. Hickmann is also famous for her legs of 120 cm, and was once listed in the Guinness Book of World Records as "the model with the longest legs". She has been named as one of the most beautiful women in the world by GQ Italia in 2001.
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Wella AG is a company specializing in hair care, styling, colorants, and other beauty products, and was founded in 1880 in Germany by Franz Ströher. Its headquartered in Darmstadt, Germany. The company was controlled by Procter & Gamble from 2003 until it was sold to Coty in 2015 along with some 40 other P&G brands. On December 1, 2020, Coty completed the sale of the Wella, Clairol, OPI and ghd brands stake to American private equity firm KKR for $2.5bn in cash whilst retaining 40% stake in the standalone company.
Katheryn Elizabeth Hudson, known professionally as Katy Perry, is an American singer, songwriter, and television personality. She is known for her influence on modern pop music and her camp style, being dubbed the "Queen of Camp" by Vogue and Rolling Stone. At 16, Perry released a gospel record titled Katy Hudson (2001) under Red Hill Records, which was commercially unsuccessful. She moved to Los Angeles at 17 to venture into secular music, and later adopted the stage name "Katy Perry" from her mother's maiden name. She recorded an album while signed to Columbia Records, but was dropped before signing to Capitol Records.
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