08.02.22
Switzerland
www.wella.com
Sales: $2.0 billion
Key Personnel: Annie Young-Scrivner, CEO; Yannis Rodocanachi, president, Americas; Emmanuel Miran, chief global technology officer; Virginie Costa, CFO; Gretchen Koback Pursel, global chief people officer; Hugh Dineen, president, global brands and global chief marketing officer
Major Products: Hair Care—Wella Professionals, Clairol Nioxin, Sebastian Professional, GHD; Color Cosmetics—OPI
New Products: Wella—True Grey hair color, Koleston Perfect hair color, Booster salon to home treatment, Wella Professional Shinefinity color glaze; OPI—Nature Strong nail enamel
Comments: Following the acquisition by Kohlberg, Kravis and Roberts, Wella exceeded growth targets last year.
“Our overall business is very healthy, and our financial performance is over-delivering against our annual targets across every business and every geography,” said Annie Young-Scrivner, CEO of Wella Company. “We are poised for growth across the globe. We remain focused on delighting customers and consumers with differentiated product innovations, and we will continue to expand across channels and geographies as we unlock the potential of our brands.”
The two biggest brands in the company’s retail hair portfolio, Clairol and Wella, benefitted from reinvestment and brand overhaul. OPI sales grew more than 10% thanks, in part, to the launch of Nature Strong, billed as the first natural-origin vegan nail lacquer. In fact, Nature Strong was the top-selling Spring 2022 launch in the US mass color cosmetics market. Nioxin grew net revenue double-digits as consumers continued to focus on in-home hair care and hair loss due to the pandemic.
The company proudly notes that last year, nearly 70% of new hires were women and 60% of promotions were earned by women.
“We are an industry built on the backbone of women—salon colorists, stylists, nail technicians. In fact, nearly 90% of the professional salon industry in the US and UK are comprised of women—but a negligible number are owners of the businesses,” noted Young-Scrivner. “We want to support the success of the industry overall and believe that means doing our part to support women in this industry.”
In June, Wella joined the UN Global Compact corporate responsibility initiative.
www.wella.com
Sales: $2.0 billion
Key Personnel: Annie Young-Scrivner, CEO; Yannis Rodocanachi, president, Americas; Emmanuel Miran, chief global technology officer; Virginie Costa, CFO; Gretchen Koback Pursel, global chief people officer; Hugh Dineen, president, global brands and global chief marketing officer
Major Products: Hair Care—Wella Professionals, Clairol Nioxin, Sebastian Professional, GHD; Color Cosmetics—OPI
New Products: Wella—True Grey hair color, Koleston Perfect hair color, Booster salon to home treatment, Wella Professional Shinefinity color glaze; OPI—Nature Strong nail enamel
Comments: Following the acquisition by Kohlberg, Kravis and Roberts, Wella exceeded growth targets last year.
“Our overall business is very healthy, and our financial performance is over-delivering against our annual targets across every business and every geography,” said Annie Young-Scrivner, CEO of Wella Company. “We are poised for growth across the globe. We remain focused on delighting customers and consumers with differentiated product innovations, and we will continue to expand across channels and geographies as we unlock the potential of our brands.”
The two biggest brands in the company’s retail hair portfolio, Clairol and Wella, benefitted from reinvestment and brand overhaul. OPI sales grew more than 10% thanks, in part, to the launch of Nature Strong, billed as the first natural-origin vegan nail lacquer. In fact, Nature Strong was the top-selling Spring 2022 launch in the US mass color cosmetics market. Nioxin grew net revenue double-digits as consumers continued to focus on in-home hair care and hair loss due to the pandemic.
The company proudly notes that last year, nearly 70% of new hires were women and 60% of promotions were earned by women.
“We are an industry built on the backbone of women—salon colorists, stylists, nail technicians. In fact, nearly 90% of the professional salon industry in the US and UK are comprised of women—but a negligible number are owners of the businesses,” noted Young-Scrivner. “We want to support the success of the industry overall and believe that means doing our part to support women in this industry.”
In June, Wella joined the UN Global Compact corporate responsibility initiative.