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Wella

Wella
Company typePrivate
IndustryBeauty
Founded1880; 145 years ago (1880)
FoundersFranz Ströher
HeadquartersGeneva, Switzerland
New York City, USA
Area served
Worldwide
ProductsHair care, Hair color, styling tools, nail products
BrandsWella Professionals, ghd, OPI, Nioxin, Sebastian Professional, Clairol, and Briogeo
Owner
  • KKR (74.1%)
  • Coty (22.3%)
  • IGF Wealth Management (3.6%)
Websitewww.wellacompany.com

Wella is a multinational hair care and cosmetics company headquartered in Geneva, Switzerland and New York City, USA. It develops, manufactures, and distributes professional and consumer hair and nail products, including coloring, styling, and hair care lines. Founded in 1880 in Germany by Franz Ströher, the company has undergone multiple ownership transitions.[1] Since 2020, it has operated as an independent entity, majority-owned by private equity firm KKR following its separation from Coty Inc.[2]

As of 2025, Wella operates in over 150 countries and manages a portfolio of brands that includes Wella Professionals, ghd, OPI, Nioxin, Sebastian Professional, Clairol, and Briogeo.[3]

History

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A 1971 Wella Magazine ad in Persian, Zan-e Rooz.

Origins

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Franz Ströher, a German hairdresser, founded Wella in 1880 in Rothenkirchen, Saxony, initially manufacturing tulle for wigs.[4] As the demand for wigs declined, the company transitioned to producing permanent wave equipment and hair care products. The Wella trademark was officially registered in 1924.[4]

Early history

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During the Nazi era, Wella encountered material shortages and restrictions.[5] The Apolda plant was repurposed during World War II to manufacture components for submarines.[5] The Ströher family, known for its Freemason ties, was reportedly opposed to National Socialism. After the war, the Soviet administration dismantled the Apolda plant as part of war reparations.[5] The Rothenkirchen site in East Germany was expropriated and operated as VEB Londa under state ownership. In West Germany, the Ströher family reestablished the business in Hünfeld in 1945–46 under the name Ondal GmbH, renaming it Wella AG in Darmstadt by 1950.[5] The company expanded to other countries in subsequent decades. After German reunification in 1990, the Rothenkirchen plant was reintegrated into Wella through a joint venture.[5]

Product Development

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In 1950, Wella introduced Koleston, one of the first hair-colorant balms, and included Elizabeth Taylor in its 1954 advertising campaign.[6] The 1960s saw the release of Wella Privat, a line allowing salon-quality products for home use. In 1972, Wella launched Wella Balsam, the first shampoo made for the retail market, advertised using the cast of Charlie’s Angels.[6]

Modern History

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Wella relaunched Koleston as Koleston Perfect in 1995 and introduced the TrendVision platform in 2002, which evolved into a hairdressing competition.[7]

Acquisition by Procter & Gamble

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In 2003, Procter & Gamble acquired a majority stake in Wella for approximately US $5.7 billion, incorporating it into its beauty division.[8] Under P&G’s ownership, Wella continued to develop professional and consumer hair-care products, although it was eventually considered a non-core asset within the company’s broader portfolio.[8]

In 2008, Josh Wood was appointed Global Colour Ambassador and later became Creative Director.[9] Eugene Souleiman serves as Global Creative Director.[10] In 2011, Wella launched Making Waves, a program providing hairdressing and life skills training in countries including Brazil, Romania, Cambodia, and Vietnam.[11]

In 2014, Wella patented the ME+ molecule as a substitute for p-phenylenediamine (PPD) and para-toluenediamine (PTD), compounds known to cause allergic reactions.[12][13] ME+ was initially used in Koleston Perfect Innosense and later adopted across the Koleston Perfect line.[12]

Transition to Coty and KKR

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In 2015, Coty Inc. acquired Wella as part of a US$12.5 billion deal involving Procter & Gamble’s specialty beauty business.[14][15] Despite integration challenges, Wella remained a central brand in Coty’s professional hair segment.[16] In 2015, Coty Inc. acquired Wella as part of a US$12.5 billion deal involving Procter & Gamble’s specialty beauty business.[17] On October 1, 2021, Coty announced that it would sell an approximate 9% stake to KKR for $426.5 million. The deal reduces Coty's stake in the Wella, Clairol, OPI and ghd brands to around 30.6%.[18] Coty retained a minority stake, which was gradually reduced to approximately 22% by 2023 through a series of divestitures.[19][20]

On November 8, 2021, Coty agreed to sell an approximate 4.7% stake in Wella to KKR in exchange for the redemption of approximately 56% of KKR's remaining convertible preferred shares in Coty. The deal reduces Coty's stake in Wella, Clairol, OPI and ghd to approximately 25.9%. KKR will continue to have a 2.4% ownership stake in Coty on an as-converted basis.[21]

In April 2022, Wella announced it had acquired the eco-haircare brand, Briogeo from Nancy Twine.[22]

By 2023, Wella had marked its third year as an independent company, reporting high single-digit revenue growth and double-digit profitability. In 2025, Glenn K. Murphy was appointed as the company’s executive chair.[23]

On July 18, 2023, Coty agreed to sell an approximate 3.6% stake in Wella to investment firm IGF Wealth Management for US$150 million. Coty will retain a 22.3% stake in Wella with an implied valuation of approximately $900 million.[24]

Since becoming an independent company in 2020 under KKR ownership, Wella has reported consistent growth, with Wella Professionals cited among the top salon hair color brands across countries and OPI noted for its strong presence in the professional nail care market, according to industry analyses.[25][26]

In 2025, Wella's ghd Duet Style tool was given the Marie Claire Prix d’Excellence de la Beauté 2024 award for Beauty‑Tech Innovation category.[27]

Rebranding and other ventures

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In 2024, Wella-owned OPI partnered with the yet-to-be-released film Wicked on a limited-edition nail collection and named Cynthia Erivo, who stars as Elphaba, as its brand ambassador.[28][29] In May 2025, Wella Professionals named Manushi Chhillar as its brand ambassador in India, aligning the announcement with its TrendVision event.[30] In July of the same year, Wella announced sponsorship of MP Motorsport and its driver Joanne Ciconte, debuting at the Formula 1 Pirelli Grand Prix du Canada as part of the brand’s “Make It You” campaign and broader collaboration with the F1 Academy.[31][32]

According to KKR's 2023 Sustainability Report, the company made progress in reducing plastic waste, sourcing materials more sustainably, and lowering its carbon emissions. In 2023, it reported advancements in its environmental, social, and governance (ESG) objectives alongside financial growth.[33]

In 2025, Wella received a WorldStar Global Packaging Award from the World Packaging Organisation for its Wella Care Ultimate Bottle.[34][35]

References

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  1. ^ "P&G confirms names of all 43 brands sold to Coty". www.cosmeticsbusiness.com. Retrieved 2025-08-21.
  2. ^ "Coty Completes Sale Of Wella Stake To KKR". Coty.com.
  3. ^ Dang, Hui Ling (2024-05-28). "Wella Professionals expand online in Singapore to grow market presence and consumer reach". CosmeticsDesign-Asia.com. Archived from the original on 2025-08-13. Retrieved 2025-08-21.
  4. ^ a b "History of Wella AG". FundingUniverse. Archived from the original on 2025-07-07. Retrieved 2025-08-21.
  5. ^ a b c d e International Directory of Company Histories, Vol. 48. St. James Press. 2003.
  6. ^ a b Girard, Jenna. "Wella - History". WorthPoint. Archived from the original on 2020-07-07.
  7. ^ "Wellavn | Trang Blog Làm Đẹp, Chăm Sóc Tóc & Sức Khỏe" (in Vietnamese). 2024-11-29. Retrieved 2025-07-07.
  8. ^ a b Deutsch, Claudia H. (2003-03-19). "P.&G. Is Acquiring Wella, German Hair Care Company (Published 2003)". The New York Times. ISSN 0362-4331. Retrieved 2020-10-23.
  9. ^ "Hairbrained Quick-Tips: Career Building with Josh Wood, Wella Global Creative Director | American Salon". www.americansalon.com. 2016-11-21. Archived from the original on 2025-07-24. Retrieved 2025-08-21.
  10. ^ "The Wella Professionals Heritage". www.wella.com.
  11. ^ "Unicef Making Waves Program | Wella Professionals". www.wella.com. Retrieved 2020-10-23.
  12. ^ a b "The Wella Professionals Heritage". www.wella.com. Retrieved 2020-10-23.
  13. ^ Rust, Rene. "Latest Innovations" (PDF). pg.com.
  14. ^ Cavale, Astrid Wendlandt, Siddharth (2015-07-09). "Coty buying P&G beauty business for $12.5 billion". Reuters. Retrieved 2020-10-23.{{cite news}}: CS1 maint: multiple names: authors list (link)
  15. ^ "Coty Completes Merger with P&G Specialty Beauty Business". www.businesswire.com. 2016-10-03. Retrieved 2020-10-23.
  16. ^ "JAB chair Bart Becht quits in split with partners". Financial Times. 14 January 2019. Archived from the original on 2022-12-11. Retrieved 2020-10-23.
  17. ^ "Annie Young-Scrivner appointed as CEO of Wella Company". Premium Beauty News. Retrieved 2020-10-23.
  18. ^ "Coty to sell 9% stake in Wella to majority owner KKR". reuters.com. October 2021.
  19. ^ "Coty Announces Strategic Transformation and Definitive Agreement with KKR on Wella". www.businesswire.com. 2020-06-01. Retrieved 2020-10-23.
  20. ^ Wray, Julia (2023-07-18). "Coty sells $150 million portion of Wella stake". cosmeticsbusiness.com. Archived from the original on 2025-07-07. Retrieved 2025-08-21.
  21. ^ "Coty To Sell Additional Stake In Wella To KKR In Deal Valued At Approx. $215.7 Mln". nasdaq.com.
  22. ^ "Wella acquires Briogeo to strengthen sustainable haircare portfolio". The Industry Fashion. 29 April 2022.
  23. ^ Braun, Jennifer (2025-01-22). "Wella CEO steps down, Glenn Murphy appointed executive chair". FashionNetwork.com. Archived from the original on 2025-07-07. Retrieved 2025-08-21.
  24. ^ "Coty Agrees to Sell $150M of Its Retained Wella Stake". Coty Investor Relations.
  25. ^ "How Would Coty's Professional Beauty Brands Look On You? – Kline + Company". klinegroup.com. 2019-11-01. Archived from the original on 2025-07-24. Retrieved 2025-08-21.
  26. ^ Kaplan, Arielle (2019-04-23). "This Jewish mom is the mastermind behind OPI nail polish". www.timesofisrael.com. Archived from the original on 2025-07-24. Retrieved 2025-08-21.
  27. ^ Thomas, Katie (2025-03-17). "Marie Claire Prix d'Excellence de la Beauté Awards 2025 Winners". Marie Claire UK. Archived from the original on 2025-07-07. Retrieved 2025-08-21.
  28. ^ Tan, Azrin (2024-11-18). "The unlikely star of the 'Wicked' press tour? Cynthia Erivo's nails". Vogue Singapore. Archived from the original on 2025-07-24. Retrieved 2025-08-21.
  29. ^ Goldstone, Violet (2024-09-30). "OPI Collaborates With 'Wicked' on Fantastical Polishes, Press-on Nail Styles Inspired By Ariana Grande's Glinda and Cynthia Erivo's Elphaba". WWD. Archived from the original on 2025-07-24. Retrieved 2025-08-21.
  30. ^ "Wella Professionals names Manushi Chhillar as the brand ambassador for the Indian market - ET BrandEquity". ETBrandEquity.com. 2025-05-27. Archived from the original on 2025-07-07. Retrieved 2025-08-21.
  31. ^ Brittle, Cian (2025-06-12). "F1 Academy adds Wella Group as official partner". BlackBook Motorsport. Archived from the original on 2025-07-07. Retrieved 2025-08-21.
  32. ^ "Wella Professionals partenaire officiel de la F1 Academy". L'Eclaireur des coiffeurs (in French). 2025-07-07. Archived from the original on 2025-07-24. Retrieved 2025-08-21.
  33. ^ "Working Together 2023 SU STAINABI LITY REPO RT" (PDF). KKR.
  34. ^ "WorldStar Winner: WELLA CARE Ultimate Bottle". WorldStar Packaging Awards. Archived from the original on 2025-07-24. Retrieved 2025-08-21.
  35. ^ "WorldStar Award 2025 - Das sind die Gewinner - packaging journal" (in German). 2025-01-21. Archived from the original on 2025-07-24. Retrieved 2025-08-21.
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