Good Hair Day

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ghd hair (ghd)
Privately held
Industry Hair styling
Founded 2001
Founder Martin Penny, Gary Douglas and Robert Powls
Headquarters Bridgewater Place, Leeds, United Kingdom
Revenue Increase ₤50,360,000 (2006)
Increase ₤9,600,000 (2006)
Parent Coty, Inc.
Website www.ghdhair.com

Good Hair Day, commonly known as ghd, is a manufacturer of hair care products based in Leeds, UK.[1][2] ghd leads the market for hair straightening irons and is sold in over 50,000 salons worldwide.[3][4] The company was the first hair tool sponsor of the Victoria's Secret Fashion Show, and is endorsed by celebrities including Victoria Beckham, Madonna, Gwyneth Paltrow, and Jennifer Aniston.[5][6]

History[edit]

Martin Penny, Gary Douglas, and Robert Powls founded ghd in 2001.[7][8] The three collaborated to buy the rights to a hair straightening iron from a South Korean inventor.[9] The brand quickly took off organically, and the company did not even begin advertising until two years after its launch.[10][11] By then, hair salons and word of mouth carried ghd to £12 million, against a forecast of between £3 million and £4 million.[9]

In 2004, ghd entered the North American market, bringing its total worldwide sales generating £37 million in revenue.[12] The Jemella Group, which owned the ghd brand, was bought by Lloyds Development Capital for £55 million in 2006.[7] It was sold 11 months later to Montagu Private Equity for £160 million.[13] Lion Capital, a British private equity firm, purchased ghd in 2013 for approximately £300 million.[14]

By 2013, the company had sales of over £150 million, more than doubling since 2007, selling over two million styling irons through 50,000 salons worldwide.[4]

In October 2016, Coty announced that it would be buying ghd for about £420 million from the private equity firm Lion Capital LLP.[15] The sale was completed on 21 November 2016.[16]

Products[edit]

2011 - ghd V Gold Series Styler was launched. Available in three sizes (mini, classic & max)

2012 - ghd Air Professional Hairdryer was launched.

In March 2013, ghd launched the "Eclipse" hair straightener, which uses six sensors in the plates to maintain a constant heat of 185 degrees celsius, a temperature ghd claims is the optimum temperature for styling results.[17] The consistent temperature reduces the time to style hair, particularly coarse hair that may previously taken multiple run throughs.[18] The Daily Mail called the Eclipse "The Rolls-Royce of irons".[19]

2014 - ghd Aura Hairdryer and Curve was launched.

2015 - ghd Platinum Styler was launched.

Advertising and sponsorship[edit]

ghd launched its first advertising campaign in 2003, as the sponsor of the British reality TV show The Salon.[20] The company has also featured prominently on Australia’s Next Top Model.[21]

In 2009, ghd ran a popular series of advertisements titled ‘Twisted Fairytales', including depictions of characters such as Rapunzel, Red Riding Hood, and Cinderella with the tagline "You can do anything with your hair".[22][23]

Singer Katy Perry was named the face of ghd in 2011.[24][25] In October 2011, ghd launched the "Scarlet Collection" with Perry as the face of the campaign, and photos shot by renowned photographer David LaChapelle.[26]

ghd has partnered with Victoria's Secret for a multi-year sponsorship of its annual fashion show.[27] The company is the first ever hair tool sponsor for a Victoria's Secret fashion show.[5]

Endorsements[edit]

The brand has attracted endorsements from celebrities, with Victoria Beckham, Madonna, Gwyneth Paltrow, Katy Perry, and Jennifer Aniston being prominent users of ghd products.[6]

Charity[edit]

Since 2004, ghd has raised approximately £2.5 million for the Breakthrough Breast Cancer charity.[28] The company produces a limited edition pink hair iron every year, with £10 of the sale price being donated in support the charity.[29] In 2010, ghd partnered with charity "Mom It Forward" and SafeHouse Denver, a women’s shelter that serves victims of domestic violence and their children, in an event at Sephora.[30]

References[edit]

  1. ^ Coleman, Claire (May 22, 2013). "Are £200 hair straighteners as slick as they claim? FEMAIL puts them to the test". Daily Mail. 
  2. ^ "Hair fashion brand ghd opens new Leeds city cente HQ". Yorkshire Evening Post. October 1, 2008. 
  3. ^ "ghd's straight to the top". Manufacturing Today. January 31, 2008. 
  4. ^ a b Ebrahimi, Helia. "£300m swoop gives Lion a Good Hair Day". Telegraph. 
  5. ^ a b Salapatek, Lauren (October 21, 2013). "ghd Announces Sponsorship of the Victoria's Secret Fashion Show". SalonToday.com. 
  6. ^ a b Quinn, James (2006-03-21). "ghd straightener pink as £55m talks begin". London: Daily Telegraph. Retrieved 2010-07-08. 
  7. ^ a b Quinn, James (March 21, 2006). "Good hair day for GHD as £55m talks begin". Daily Telegraph. 
  8. ^ "ghd: The Story Behind the Brand". Trend Luxury. 
  9. ^ a b "King tong: the man who brought GHD straighteners to Britain". Times Online. March 22, 2008. 
  10. ^ Waithe, Tony (January 2, 2012). "A Fantastic Business Model". Sunzu.com. 
  11. ^ "History of ghd". ghdcompare.com. August 2, 2012. 
  12. ^ "GHD sets sights on U.S.". Fashion News. 
  13. ^ Quinn, James (July 17, 2007). "Montagu smooths way to Jemella buyout". Daily Telegraph. 
  14. ^ Plimmer, Gil (February 10, 2013). "Lion Capital acquires GHD". Financial Times. 
  15. ^ https://www.theguardian.com/business/2016/oct/17/coty-gets-good-hair-day-for-420m
  16. ^ "Coty Completes Acquisition of ghd ("good hair day")". Coty. 21 November 2016. Retrieved 15 January 2017. 
  17. ^ Keats, Amanda. "The ghd eclipse beats other hair straighteners with new design". Yahoo!. 
  18. ^ Parkinson, Nikki. "DOES YOUR HAIR NEED THE NEW GHD ECLIPSE STYLER?". Styling You. 
  19. ^ COLEMAN, CLAIRE. "Are £200 hair straighteners as slick as they claim? FEMAIL puts them to the test". Daily Mail. 
  20. ^ "Ghd strikes sponsorship deal with Channel 4". Marketing Week. August 28, 2003. 
  21. ^ "The Reason Your Hair Still Waves and Kinks Inappropriately After Using Your ghd . . .". FruityBeauty.com. June 19, 2008. 
  22. ^ Golding, Amy. "Ghd launches twisted fairytales ad campaign". Marketing Magazine. 
  23. ^ "GHD LAUNCHES 'TWISTED FAIRYTALES'". mcIntyres. 
  24. ^ "Katy Perry for ghd Scarlett Collection". Glamour. 
  25. ^ Krupnick, Ellie (December 5, 2011). "Katy Perry Poses for Snow White-Themed Ad Campaign". Huffington Post. 
  26. ^ Clarke, Cameron. "Katy Perry fronts ghd's Scarlet Collection campaign". The Drum. 
  27. ^ Amodio, Jessica (October 17, 2013). "GHD Partners with Victoria's Secret". Women's Wear Daily. 
  28. ^ "Corporate Partners: GHD". Breakthrough Breast Cancer. Retrieved 2010-07-08. 
  29. ^ "Support Breakthrough Breast Cancer with ghd". Handbag.com. Retrieved 2010-07-08. 
  30. ^ Johnson, Amber. "Mama’s Night Out at Sephora Redefines a “GHD” (Good Hair Day)". Mile High Mamas. 

External links[edit]