Beauty Store Business magazine - June, 2019

Bio Ionic

JD Beauty and Goody to Merge

JD Beauty, the parent company of WetBrush, Bio Ionic and Ouidad, announced this week that it will merge with Goody Products, an iconic manufacturer of hairstyling tools and accessories.

ACON Investments, the private equity firm that purchased Goody from Newell Brands in August 2018, has signed a definitive agreement to buy a controlling interest in JD Beauty from Topspin Partners, a consumer-focused private equity firm.

Salon & Pro Beauty Industry Appliances & Shears Category Grows 7.1%

Cyrus Bulsara, president of Professional Consultants & Resources

Salon and professional beauty appliances and shears grew 7.1% as a category in 2012, according to the new 2012 Professional Salon & Pro Beauty Industry Appliances & Shears Study from Professional Consultants & Resources, which provides market intelligence and data research for the U.S. salon and professional-beauty industry. Note that the 7.1% growth is 18% greater than the overall salon industry’s growth rate of 6% for the same time frame.