NEW YORK & GENEVA, Nov 30 (Bernama-BUSINESS WIRE) — Wella Company, an innovative global leader in the $100 billion hair and nail segment of the beauty industry, today marked its third year as an independent company, demonstrating broad-based growth balanced across brands, categories and geographies. Wella Company achieved high single-digit growth in constant currency in Fiscal Year 2023 (FY23), which closed at the end of June, cementing its foothold as one of the fastest-growing companies in the sector. Wella Company’s portfolio of iconic professional and retail hair, nail, and beauty tech brands includes Wella Professionals, O·P·I, ghd, Briogeo, Nioxin, Sebastian Professional, and Clairol.
Since its inception in 2020, Wella Company has reported year-over-year growth in both developed and emerging markets. Continuing on the success of its leading professional hair color brand, Koleston Perfect (KP), which sold 1.5 tubes per second globally in FY23, the company has established its professional color credential as the No. 1 Salon Color Brand in the World, and continues to invest behind elevating its core through expansion into hair care, as well as across the nail and beauty tech portfolio. The company has also grown its eCommerce sales at a rate of more than 2x market growth by increasing partnerships with top eComm retailers, investing in digital-first brand building, and consistently improving user experience on its owned eComm platform WellaStore to meet the needs of salon professionals.