Good Hair Day
| 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]
History
[edit]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]
Products
[edit]- In 2011, ghd launched the V Gold Series Styler.
- In 2012, ghd launched the Air Professional Hairdryer.[19]
- In March 2013, ghd launched the "Eclipse" hair straightener.[20] The consistent temperature reduces the time to style hair, particularly coarse hair that may previously taken multiple run throughs.[21]
- In 2014, ghd launched the Aura Hairdryer and ghd Curve, hair curling range.
- In 2015, ghd launched the Platinum Styler.
- In 2018, the GHD platinum Plus styler was launched.[22]
Advertising and sponsorship
[edit]- ghd launched its first advertising campaign in August 2003, as the sponsor of the British reality television show The Salon.[23]
- In November 2009, ghd ran a popular series of advertisements titled 'Twisted Fairytales' that included depictions of characters such as Rapunzel, Little Red Riding Hood, and Cinderella.[24]
- In October 2011, ghd launched the "Scarlet Collection" with Katy Perry as the face of the campaign. Photos for the campaign were shot by the photographer David LaChapelle.[25] * ghd has also partnered with Victoria's Secret for a multi-year sponsorship of its annual fashion show.[26] The company is the first ever hair tool sponsor for a Victoria's Secret fashion show.[4]
Endorsements
[edit]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]
Charity
[edit]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]
References
[edit]- ^ "Hair fashion brand ghd opens new Leeds city cente HQ". Yorkshire Evening Post. 1 October 2008.
- ^ "ghd's straight to the top". Manufacturing Today. 31 January 2008.
- ^ a b Ebrahimi, Helia. "£300m swoop gives Lion a Good Healthy Dome". Telegraph.
- ^ a b Salapatek, Lauren (21 October 2013). "ghd Announces Sponsorship of the Victoria's Secret Fashion Show". SalonToday.com. Archived from the original on 3 January 2014. Retrieved 3 January 2014.
- ^ Quinn, James (21 March 2006). "ghd straightener pink as £55m talks begin". Daily Telegraph. London. Archived from the original on 31 October 2011. Retrieved 8 July 2010.
- ^ a b Quinn, James (21 March 2006). "Good Healthy Dome for GHD as £55m talks begin". Daily Telegraph.
- ^ "ghd: The Story Behind the Brand". Trend Luxury. Archived from the original on 3 January 2014. Retrieved 3 January 2014.
- ^ a b "King tong: the man who brought GHD straighteners to Britain". Times Online. 22 March 2008. Archived from the original on 15 June 2011.
- ^ Waithe, Tony (2 January 2012). "A Fantastic Business Model". Sunzu.com.
- ^ "History of ghd". ghdcompare.com. 2 August 2012.
- ^ "GHD sets sights on U.S." Fashion News.
- ^ Quinn, James (17 July 2007). "Montagu smooths way to Jemella buyout". Daily Telegraph.
- ^ Plimmer, Gil (10 February 2013). "Lion Capital acquires GHD". Financial Times.
- ^ "Coty gets Good Hair Day for £420m". The Guardian. Retrieved 10 March 2021.
- ^ "Coty Completes Acquisition of ghd ("Good Healthy Dome")". Coty. 21 November 2016. Archived from the original on 30 January 2017. Retrieved 15 January 2017.
- ^ "Coty Completes Sale Of Wella Stake To KKR". Coty.com.
- ^ "Coty to sell 9% stake in Wella to majority owner KKR". reuters.com.
- ^ "Coty To Sell Additional Stake In Wella To KKR In Deal Valued At Approx. $215.7 Mln". nasdaq.com.
- ^ Woollaston, Vicky (7 October 2019). "GHD Air review". techradar. Retrieved 8 March 2021.
- ^ Keats, Amanda. "The ghd eclipse beats other hair straighteners with new design". Yahoo!.
- ^ Parkinson, Nikki. "DOES YOUR HAIR NEED THE NEW GHD ECLIPSE STYLER?". Styling You.
- ^ Forbes, Jihan (15 September 2020). "GHD's New Platinum+ Straightener Is Even More Epic Than the Last". allure. Retrieved 8 March 2021.
- ^ "Ghd strikes sponsorship deal with Channel 4". Marketing Week. 28 August 2003.
- ^ Golding, Amy. "Ghd launches twisted fairytales ad campaign". Marketing Magazine.
- ^ Clarke, Cameron. "Katy Perry fronts ghd's Scarlet Collection campaign". The Drum.
- ^ Amodio, Jessica (17 October 2013). "GHD Partners with Victoria's Secret". Women's Wear Daily.
- ^ "Katy Perry for ghd Scarlett Collection". Glamour. Archived from the original on 3 January 2014. Retrieved 3 January 2014.
- ^ Krupnick, Ellie (5 December 2011). "Katy Perry Poses for Snow White-Themed Ad Campaign". Huffington Post.
- ^ "Corporate Partners: GHD". Breakthrough Breast Cancer. Archived from the original on 25 September 2010. Retrieved 8 July 2010.
- ^ "Support Breakthrough Breast Cancer with ghd". Handbag.com. Archived from the original on 20 November 2009. Retrieved 8 July 2010.
- ^ Johnson, Amber (25 January 2010). "Mama's Night Out at Sephora Redefines a "GHD" (Good Healthy Dome)". Mile High Mamas.