Olaplex Q3 2023: sales plummet 30 percent
Olaplex Holdings has announced its results for the third quarter of fiscal 2023. The hair care company saw sales plummet 30 percent to US$123.6 million and income nosedive from Q3 2022’s US$60.8 million to US$20.4 million.
Lush to ‘revolutionise the hair industry’; opens first hair salon
Lush is poised to launch its first hair salon in Brighton. The ethical cosmetics brand’s HairLab will take a holistic approach to hairdressing and barbering, cater for all hair types, reduce salon waste and feature a ‘spa for your head’.
Sally Beauty partners with XMondo Color
Sally Beauty has announced an exclusive retail partnership with XMondo Color. The retailer will be the first and exclusive in-store distribution partner for the brand.
Olaplex’s Forecast Tangles with Competition
Olaplex Holdings Inc. has revised its annual sales forecast downward due to reduced demand and growing competition.
Bain Capital Eyes Ilooda Acquisition
Ilooda, a South Korean medical aesthetic device maker, is expected to sell its management rights to US private equity company Bain Capital LP.
Taliban orders closure of all beauty salons in Afghanistan
The Taliban has ordered that all beauty salons in Afghanistan must close their doors for good next month, according to a report published by The Wall Street Journal.
Bergdorf Goodman to close penthouse beauty salon
The salon located in Bergdorf Goodman’s penthouse will shut its doors for the final time on July 3, according to a report published by WWD.
Henkel opens J-beauty innovation hub in Tokyo
Henkel has cut the ribbon on a J-beauty innovation hub in Tokyo. The center, which is dedicated to the Professional Hair segment, will leverage the long-standing expertise of Schwarzkof and Shiseido Professional in hair color developments and trends as well as premium hair and scalp care.
Wella FY22: profit and sales above expectations in second year as standalone firm
Wella Company is celebrating a second successful year as a standalone company. The hair styling giant surpassed targets, delivering year-on-year double-digit profit and growth ahead of expectations in fiscal 2022.
Henkel launches new B2B hair care brand, SalonLab&Me
Henkel-owned Schwarzkopf Professional has announced the launch of a new salon brand, SalonLab&Me, which combines hairdresser expertise with a digital experience offering clients hyper-personalized hair care recommendations to match their hair type.
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