Coty Inc. has acquired GHD

Endaba Group

Coty Inc. has acquired GHD! The London-based hair-styling appliances company has been bought for £420m from investment firm Lion Capital LLP. GHD has increased global sales 30% over the past 3 years, bringing in £178m in revenue during FY 2016. The acquisition will expand its offerings in the professional hair category and marks Coty’s first acquisition since it completed the purchase of 41 Procter & Gamble Co. beauty brands, including Gucci fragrances, CoverGirl cosmetics and Max Factor makeup; the deal that made Coty the world’s third-biggest cosmetics company and the largest in fragrance!