Newell Brands sells hair styling tools company Goody Products

Published: 13-Aug-2018
Hair Care Finance

ACON Investments will take over Goody Products from the consumer goods giant

Hair styling tools and accessories company Goody Products is set to change ownership and leave the Newell Brands portfolio.

US private equity firm ACON Investments will acquire the company, which sells hair brushes, combs, clips and more.

Suma Kulkarni, Partner at ACON, said: "We are excited to be able to give Goody the focus and resources it deserves to prosper as one of the leading brands in its segments.

"We plan to leverage our experience to build iconic brands through product innovation and enhanced distribution to continue the company's growth trajectory."

Goody Products was founded in 1907 by H. Goodman & Son, and today sells products globally in North America, Latin America, Europe and Asia.

Kim Hoelting, General Manager of Goody, added: "I am confident that ACON will help us build on a century of success and continue to grow our business."

  • Companies:
  • Newell Rubbermaid
See more

You may also like

Finance

Space NK full-year sales jump as Gen Z shoppers drive sales

Read more
The UK retailer is also expanding its portfolio with ten additional stores, which has already seen a store open in Sheffield

Trending Articles

  1. Shiseido updates executive board with two new members The appointments aim to further enhance the effectiveness of the Japanese beauty giant’s board of directors
  2. The Body Shop appoints CMO and CFO to drive growth post-acquisition Penny Brook and Sally Dowling have joined the British beauty retailer’s executive leadership team, with the aim to bring the company back to its former glory
  3. L’Oréal launches fund to support supplier decarbonisation The beauty giant has joined forces with Chenavari Investment Managers on the fund, called Solstice
  4. Sephora’s ambitious plan to open 20 UK stores by 2027 The LVMH-owned retailer’s Global President and CEO, Guillaume Motte, wants to ramp up Sephora’s UK expansion plans to challenge established players
  5. Pierre Fabre Laboratories invests in skin care and supplements brand MiYé The pharmaceutical group will elevate the French start-up’s business by accelerating its R&D, brand presence and more

Upcoming event

Cosmoprof India 2024

5-7 December 2024 | Mumbai, India See all

You may also like

Finance

Space NK full-year sales jump as Gen Z shoppers drive sales

The UK retailer is also expanding its portfolio with ten additional stores, which has already seen a store open in Sheffield
You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

Move over Y2K, Rivals’ 80s glam is party season’s nostalgic beauty trend

The success of streaming service Disney+’s adaptation of Jilly Cooper’s ‘bonkbuster’ could further boost eighties hair and make-up trends
Packaging

Packaging firms Berry Global and Amcor to merge

The combined company is expected to reach US$650 million in annual earnings
Hair Care

Provital presents Keradeep: Unveiling deep protection for invisible hair strength

Have you ever wondered what exists beyond what our senses can perceive? This is where the universe of the invisible comes into play, a hidden dimension in which other realities exist. A perfect example of this concept is the molecular structure of hair
Finance

Haut.AI recognised as one of Eastern Europe’s fastest-growing startups

Haut.AI has proudly secured the 26th position on the Sifted 30 leaderboard, which highlights the fastest-growing startups in Eastern Europe and the Baltics for 2024
Finance

The Body Shop appoints CMO and CFO to drive growth post-acquisition

Penny Brook and Sally Dowling have joined the British beauty retailer’s executive leadership team, with the aim to bring the company back to its former glory
Sustainability

L’Oréal launches fund to support supplier decarbonisation

The beauty giant has joined forces with Chenavari Investment Managers on the fund, called Solstice
Subscribe now