Good Hair Day
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good hair day, every day
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| Privately held | |
| Industry | Hair styling |
| Founded | 2001 |
| Founder | Martin Penny, Gary Douglas and Robert Powls |
| Headquarters | Bridgewater Place, Leeds, United Kingdom |
| Revenue |
 ₤50,360,000 (2006) |
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₤9,600,000 (2006) |
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| Parent | Coty, Inc. |
| Website | www |
Good Hair Day, commonly known as ghd, is a manufacturer of hair care products based in Leeds, UK. ghd leads the market for hair straightening irons and is sold in over 50,000 salons worldwide. 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.
Martin Penny, Gary Douglas, and Robert Powls founded ghd in 2001. The three collaborated to buy the rights to a hair straightening iron from a South Korean inventor. The brand quickly took off organically, and the company did not even begin advertising until two years after its launch. By then, hair salons and word of mouth carried ghd to £12 million, against a forecast of between £3 million and £4 million.
In 2004, ghd entered the North American market, bringing its total worldwide sales generating £37 million in revenue. The Jemella Group, which owned the ghd brand, was bought by Lloyds Development Capital for £55 million in 2006. It was sold 11 months later to Montagu Private Equity for £160 million.Lion Capital, a British private equity firm, purchased ghd in 2013 for approximately £300 million.
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.
In October 2016, Coty announced that it would be buying ghd for about £420 million from the private equity firm Lion Capital LLP. The sale was completed on 21 November 2016.
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. The consistent temperature reduces the time to style hair, particularly coarse hair that may previously taken multiple run throughs. The Daily Mail called the Eclipse "The Rolls-Royce of irons".
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Wikipedia