Camillo Pane, chief executive officer of Coty, said, “We are excited to welcome the ghd company to Coty. The addition of ghd, with their state-of-the-art hair appliances further strengthens our Coty Professional Beauty division, providing us with a strong foothold in an adjacent, complementary category. We look forward to continuing to grow and nurture ghd internationally as Coty strives to become a global industry leader by being a clear challenger in beauty.”
ghd will become part of the Coty Professional Beauty division, where it will be managed as a standalone business. The deal was announced in October 2016.