One of hair care’s buzziest brands is exploring sale options, industry sources tell WWD.
Industry sources said K18 is working with Financo Raymond James to oversee the sale. The bank declined to comment.The brand’s net sales are expected to surpass $100 million this year.
K18, which is sold at Sephora, features a proprietary molecule called K18Peptide, meant to repair damaged hair. According to its website, a full treatment “restores hair up to 91 percent original strength and 94 percent original elasticity.” It debuted with its molecular repair hair mask, $75 for 50 mL, which launched with a multibillion-view TikTok campaign. The assortment has since expanded to include shampoos and a hair oil. Prices range from $38 for a shampoo to $75., first-quarter hair care sales grew 7 percent across the mass market and prestige, with the latter outpacing the former. Hair has gained traction in recent years as a preeminent acquisition target.
The process also comes at a time when beauty deals have abated due to larger economic pressures, especially in respect to the deal flurry in 2021 that included Ouai, Sol de Janeiro, Beekman 1802 and others. That didn’t stop L’Oréal from inking a deal in April to buy Aesop at a $2.5 billion valuation, or P&G Beauty from buying Mielle Organics at an undisclosed valuation in January.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
'90 Day Fiancé' Recap: Razvan Pressures Amanda About Coming to AmericaAmanda and Razvan are not on the same page when it comes to their future together.
続きを読む »
The Late Daniel Ellsberg’s Wish: Free Julian Assange, Encourage WhistleblowersEllsberg died Friday, and we revisit his message for those who are considering becoming whistleblowers.
続きを読む »
Utah health department considers allowing more nicotine in vape pensUtah is considering a rule that would allow the same levels of nicotine that are allowed federally, dropping a 3% limit, when a product is approved and manufacturer-sealed.
続きを読む »
Saskatoon police eye more time in the sky for the air support unitThe Saskatoon Police Service is considering its options to increase the number of hours the police airplane can be up in the air.
続きを読む »
Natural Gas Futures: Further upside not favouredConsidering advanced prints from CME Group for natural gas futures markets, open interest dropped for the third consecutive session on Friday, this ti
続きを読む »
States accelerate efforts to block Chinese purchases of agricultural land | CNN PoliticsA growing number of states are considering or have passed measures this legislative term to ban “foreign adversaries” and foreign entities – specifically China – from buying farmland.
続きを読む »