The global hair care market is estimated to reach $211.1 billion by 2025, according to a recent report by Grand View Research, Inc. As the color category softens, investors are looking for the next beauty category ripe for innovation and growth, with many taking bets on hair care.
Last year ended with the acquisition of Oribe Haircare by Kao, reportedly costing the Japanese company close to $400 million, almost five times its current revenue ($80 million) and 13 times its EBITDA ($30 million).
So Far This Year:
Quai Haircare is gearing up for its next phase of growth with a minority investment from Alliance Consumer Growth.
JD Beauty Group has acquired Ouidad, the curl expert hair care and styling brand, further diversifying the JD Beauty product portfolio.
Canada-based Evergreen Consumer Brands acquired the Salon Selectives and Daily Defense brands from CLT International.
L’Oréal acquired professional hair color disruptor Pulp Riot by David and Alexis Thurston. Luxury Brand Partners was the lead investor behind this two-year-old brand.
OWA Haircare CEO and founder Kailey Bradt secured $200,000 in pre-seed capital from RIT Venture Fund I LLC.
Newly formed Atlanta-based private equity firm 10 Point Capital has made a minority investment in Phenix Salon Suites, one of the fastest-growing salon suite franchises in the beauty industry.
American International Industries, a leading manufacturer and worldwide distributor of beauty products, acquires the full portfolio of brands from Spilo Worldwide.
Read the full article on Crunchbase News.
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