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Wyatt Corp Invests $41 Million in Dr.FORHAIR

August 20, 2021 BeautyMatter
August 20, 2021
Dr.FORHAIR

Wyatt Corporation plans to substantially increase funding the global growth and brand reach for its Dr.FORHAIR brand.

WHO: Dr.FORHAIR is a global scalp care brand by Wyatt Corp with Scalp Labs based in New York and Seoul. Using comprehensive clinical research and industry expertise, the brand provides a variety of scalp care products.

WHY: The additional investment positions the brand for exponential growth on a global scale.

IN THEIR OWN WORDS: "Following our recent online product launch in the US, we have planned more active brand expansion in the North American market," said David Kwon, CEO, Dr.FORHAIR. "Through these channels, we'll increase accessibility for Asian customers and all consumers with scalp and hair loss management needs."

"By attracting investments in the health and beauty segment of our business, we plan to develop Dr.FORHAIR into a global brand," said a Wyatt Corp company official.

DETAILS:

  • Wyatt Corporation announced it would attract an investment of $41 million. Board meeting details included plans to increase capital of $13 million by issuing new stocks, which would be carried out by a third-party allocation method.
  • The brand is already a market leader in the Korean hair loss shampoo industry as well as a recognized scalp care brand throughout Japan, Malaysia, and Singapore, with worldwide sales topping 18 million units.
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