:max_bytes(150000):strip_icc()/California-Declares-Proactive-State-of-Emergency-Due-to-Bird-Flu-FT-BLOG1224-02-efb89c4f39ed445f84c7cf8c2e7d5906.jpg?w=30&resize=30,30){kind=small}
Tangle Teezer, the hair brush maker recognized for its brightly colored and ergonomic detangling instruments, has been acquired by shopper items agency Bic. The deal, which was introduced on Wednesday, noticed Bic buy the whole thing of Tangle Teezer for £165 million ($210 million).
The corporate, initially based within the UK in 2007, pioneered the design of a brand new sort of hair brush. With patented plastic bristles and a extra ergonomic design, the model claims that its brushes and combs detangle the hair with much less injury than conventional instruments. Non-public fairness agency Mayfair Fairness Companions invested in Tangle Teezer through a managed buyout in July 2021.
Since then, Tangle Teezer has doubled its earnings and grown its annual web gross sales to greater than $76 million. The US is now the corporate’s greatest and fastest-growing market.
Signal as much as The Enterprise of Magnificence e-newsletter, your must-read supply for the day’s most necessary magnificence and wellness information and evaluation.
The Indie Magnificence Manufacturers Remodeling Africa’s Hair Care Market
A crop of upstart manufacturers are betting on Africa for his or her subsequent international growth, prepared to learn from the continent’s rising center class. To kick-start Africa’s premium hair care market, they’ll have to rigorously contemplate advertising and retailer technique, as properly create a brand new worth proposition.
