THE WHAT? 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.
THE DETAILS Wella Professionals held on to its leading position in the Professional Color market in the 12 months to June 2022 versus the same period in 2021, with double-digit revenue growth, while Sebastian Professional saw gains across all key markets. Nioxin also delivered double-digit revenue growth. The company’s Retail Hair unit saw revenue inch up 3 percent yoy.
THE WHY? Annie Young-Scrivner, CEO of Wella Company, explains, “Our first two years of business have shown the enduring potential of the Wella Company portfolio – we are re-establishing category excellence in both hair and nails, and both professionals and consumers are falling in love again with our beautiful brands. Our continued strong financial performance, coupled with growth and gain in market share across all categories, even in the challenging global context, is proof that our business is just beginning to tap into its full potential.”