Beauty Store Business magazine - July, 2019

Goody

Beauty Industry Mourns the Loss of Jeffrey Davidson, CEO of JD Beauty and Goody

This week, the beauty industry mourns the loss of JD Beauty and Goody CEO, Jeffrey Davidson, who suddenly and unexpectedly passed away on Saturday, July 6, 2019 surrounded by his family and loved ones.

“On behalf of ACON Investments, the JD Beauty and Goody board of directors, management and over 200 associates, we extend our deepest sympathies to the Davidson family,” stated a press release from JD Beauty/Goody (JDB/Goody) from earlier today.

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.