Beverly Hills, CA
Sales: $600 million
Sales: $600 million (estimated).
Key Personnel: John Paul DeJoria, chairman; Luke Jacobellis, president.
Major Products: Professional hair care products. Brands include: Paul Mitchell, Tea Tree, Modern Elixirs, Professional Services (Paul Mitchell the Color, PM Shines, The Blonding System and Inkworks) and Paul Mitchell Pro Tools.
New Products: Super Strong Liquid Treatment, Express Ion Curl, Express Ion Dry.
Comments: Retail sales are approaching $900 million. John Paul Mitchell products are sold through its 25 distributors to 100,000 U.S. hair salons and to salons in more than 80 countries around the world. After more than 30 years in business, JPMS maintains that it is the largest privately-owned professional hair care company in the world.
Company co-founder John Paul DeJoria’s first love may be hair care, but he’s passionate about liquor too. He owns The Patron Spirits Company and he’s worth $3.5 billion, according to Forbes. Not bad for a guy who was born to immigrants, raised in foster care, spent his youth in a Los Angeles street gang and lived as a homeless man at one time.