Blog When did P&G acquire Wella?

When did P&G acquire Wella?

When did P&G acquire Wella?

In 2003, Wella was acquired by Procter & Gamble (P&G), purchasing 77.6% of the company for $3.4 billion and paying a total of $5.7 billion including shares, further expanding the group’s beauty portfolio across Eastern and Western Europe, and Latin America.

Is Wella owned by P&G?

P&G had acquired German hair and beauty company brand Wella in 2003 in a $7 billion deal which gave the former strategic access to the global professional hair care market. The brand is also known as Wella Koleston in markets like the US.

What company owns Wella?

KKR & Co. Inc.
Wella/Parent organizations

Procter & Gamble acquires Wella AG and its subsidiaries. Nioxin in acquired by Procter & Gamble. OPI is acquired by Coty. Coty acquires Procter & Gamble’s beauty portfolio, including its professional brands.

What is Wella worth?

Including debt, the deal values Wella at $4.3 billion, or 12.3 times its 2019 core earnings (EBITDA).

Does Wella own Sebastian?

CINCINNATI — Procter & Gamble here said last week that it signed an agreement to purchase a controlling interest in Wella AG, Darmstadt, Germany, a beauty company known for its upscale Wella, Sebastian and Koleston hair care brands, for 3.2 euros (U.S. $3.4 billion).

Does Wella own Clairol?

Clairol is an American personal care-product division of company Wella, specializing in hair coloring and hair care.

Is Wella a salon brand?

So I posted some pics of my tresses and this wonderful colorist turned me onto Wella Koleston Perfect, which is a top salon brand.

What brands did Coty buy from P&G?

Along with CoverGirl, the P&G brands that transferred to Coty included Max Factor, Wella Professional, Sebastian Professional, Clairol Professional, Sassoon Professional, Nioxin, SP (System Professional), Koleston, Soft Color, Color Charm, Wellaton, Natural Instincts, Nice & Easy, VS Salonist, VS ProSeries Color, Londa …

Does Coty still own Wella?

NEW YORK – December 1, 2020 — Coty Inc. (NYSE: COTY) (the “Company”) today announced the completion, on November 30, 2020, of the sale of a majority stake in its Professional and Retail Hair business – including the Wella, Clairol, OPI and ghd brands (together, “Wella”) – to KKR.

Does Wella own system Professional?

Unlock The Energy of Hair with New System Professional from WELLA. System Professional is an industry leader in the science of hair care and now its scientists, in co-creation with some of the world’s top hair stylists, have succeeded in unlocking the secret to re-energising and transforming hair.

Does Wella own GHD?

Other well-loved brands divested as part of the Wella Professionals sale were Clairol, Nioxin, Sebastian Professional, ghd and nail brand OPI, all grouped together under the newly-formed title Wella Company.

Does adidas own Coty?

Coty’s brands Coty Inc. (COTY) is a leading beauty company with a portfolio of well-known brands. Its licensed brands include Adidas, Calvin Klein, Marc Jacobs, Playboy, Chloé, and Davidoff. The company’s owned brands include Rimmel, OPI, philosophy, and Sally Hansen.

How much did Procter and Gamble pay for Wella?

U.S. consumer goods giant Procter & Gamble announced on Tuesday that it has struck a deal to pay €3.4 billion ($3.6 billion) in cash to the family shareholders in German hair care company Wella for 77.6 percent of the voting shares. Proctor & Gamble sources said an offer to buy out other stockholders would bring its share purchase to €5.4 billion.

What are the terms of P & G acquisition of Wella?

The terms of the deal call for P&G to acquire all of the founding Stroeher family’s shares, which amount to 78% of the company, according to these people. Under German law, P&G is required to bid for the rest of the shares not controlled by the family.

Who is the CEO of Procter and Gamble?

“Wella’s strength in Europe complements P&G’s strength in North America,” Procter & Gamble CEO A.G. Lafley announced in a press release. P&G expects that it will break even on the transaction within one year. Wella’s executive board expressed disappointment with the deal, which it said it only learned of the agreement on Tuesday morning.

Who are the owners of the Wella company?

Wella products are now exported to the Netherlands, Belgium, South Africa, Morocco, China, Japan, Brazil, Argentina, the USA and Canada. The Clairol Company is established by Lawrence & Joan Gelb in New York, USA after discovering a revolutionary new hair coloring formula on a trip to France.