BIC ACQUIRES TANGLE TEEZER, A PREMIUM DETANGLING HAIRCARE COMPANY
2024年12月12日 - 1:45AM
RNSを含む英国規制内ニュース (英語)
BIC ACQUIRES TANGLE TEEZER, A PREMIUM DETANGLING HAIRCARE COMPANY
BIC ACQUIRES TANGLE TEEZER, A PREMIUM
DETANGLING HAIRCARE COMPANY
Acquisition of a market-leading, fast-growing
and profitable brand
Builds upon BIC’s capabilities to further
accelerate innovation and synergies in an attractive high growth
segment
Clichy, France – December 11,
2024 – BIC announced today the acquisition of Tangle
Teezer, a premium detangling haircare company. In a world where
consumers are increasingly turning to brands that prioritize high
quality and exceptional value, Tangle Teezer and BIC share a common
DNA — delivering joy and simplicity in everyday life while
championing innovative solutions and industrial excellence. BIC
acquired 100% of Tangle Teezer for a total consideration of
approximately €200 million1.
Tangle Teezer is a pioneering, fast-growing and
profitable haircare company headquartered in London, United
Kingdom. Launched in 2007 as the world’s first expertly
designed detangling tool, Tangle Teezer designs a unique patented
range of brushes, allowing consumers to detangle hair while
limiting damage. Its experienced management team developed an
internationally recognized brand with an established position in
Europe and North America, making Tangle Teezer the market leader in
the UK and a growing player in the US.
With more than €70 million2 of
estimated net sales in 2024, Tangle Teezer doubled its size over
the last 4 years, demonstrating its ability to establish leadership
and build market share successfully in a highly fragmented
hairbrush and comb market estimated at €4.5 billion.
This acquisition supports BIC’s Horizon strategy
by gaining exposure to a scaled, fast-growing and profitable
business with meaningful upside potential. BIC will build on its
outstanding capabilities in creating and distributing high-quality,
value-for-money products to unlock synergies and accelerate Tangle
Teezer’s next phase of growth. As part of BIC, Tangle Teezer is
well positioned to reach further scale and gain market-leading
positions in BIC’s key regions.
Tangle Teezer’s expertly designed products,
combined with BIC’s unique commercial and supply chain capabilities
will continue to drive long-term profitable growth.
Gonzalve Bich, CEO of BIC,
said: “Today marks a new chapter for
BIC. We are excited to acquire a market-leading business in a
dynamic, high-growth market where we can drive value. Both
companies share a deep spirit of joy, innovation, entrepreneurship,
and a common vision for growth. With a consumer-first approach,
together we aim to redefine personal grooming by creating
personalized haircare solutions that enhance daily routines. Our
strategy is to build long-term trust by offering quality products
that provide simple solutions to enhance self-care
experiences. We proudly welcome Tangle
Teezer to BIC.”
James Vowles, CEO of Tangle Teezer,
said: “At the heart of Tangle Teezer’s
17 year+ success is our focused approach to providing an unrivalled
product, driven by innovation and fuelled by strategic brand
development. We thank Mayfair Equity Partners for their support in
helping the business accelerate these initiatives and backing our
ambitious growth journey. In considering potential partners for the
next stage of Tangle Teezer’s growth journey, BIC stood out. With a
shared set of values and vision, BIC has built an impressive global
business of brands through understanding consumers’ needs and
developing safe, affordable products that are easy and simple to
use. It is an exciting time for the Tangle Teezer brand, now as a
part of global BIC, and I look forward to further innovation and
growth for the brand and its consumers.”
***
Contacts
Brice Paris
VP Investor Relations
+33 6 42 87 54 73
brice.paris@bicworld.com
Michèle Ventura
Senior Investor Relations Manager
+33 6 79 31 50 37
michele.ventura@bicworld.com |
Bethridge
Toovell
VP Global Communications
+1 917 821 4249
bethridge.toovell@bicworld.com
Apolline Celeyron
Senior Communications Manager
+33 6 13 63 44 43
apolline.celeyron@bicworld.com |
About BIC
A global leader in stationery, lighters, and
shavers, BIC brings simplicity and joy to everyday life. For 80
years, BIC’s commitment to delivering high-quality, affordable, and
trusted products has established BIC as a symbol of reliability and
innovation. With a presence in over 160 countries, and over 14,000
team members worldwide, BIC’s portfolio includes iconic brands and
products such as BIC® 4-Color™, BodyMark®, Cello®, Cristal®,
Inkbox®, BIC Kids®, Lucky™, Rocketbook®, Tattly®, Tipp-Ex®,
Wite-Out®, Djeep®, EZ Load™, EZ Reach®, BIC® Flex™, Soleil®
and more. Listed on Euronext Paris and included in the SBF120
and CAC Mid 60 indexes, BIC is also recognized for its steadfast
commitment to sustainability and education. For more, visit
www.corporate.bic.com and to see BIC’s full range
of products visit www.bic.com. Follow BIC
on LinkedIn, Instagram,
YouTube and TikTok.
About Tangle Teezer
Launched in 2007 as the world’s first
retail-anchored and professional detangling tool, Tangle Teezer is
a British company that designs an award-winning range and unique
patented range of brushes that allow customers to better manage
long-term hair health with less damage and breakage. The first and
signature product, a detangling hairbrush dubbed "The
Original" eventually achieved cult
popularity and received the Queen's Award for
Innovation in 2012, and International Trade in
2014, as well as reaching the Sunday Times Fast Track 100 in
2013 and 2016. Today, Tangle Teezer is sold in 70 international
markets. Since 2021, Tangle Teezer has been owned by Mayfair
Equity Partners.
1 Amount in local currency represents £165 million
(GBP/EUR exchange rate at the time of the closing was 0.83)
2 Representing more than £60 million in local currency
(at 0.83 GBP/EUR)
- 20241211_Tangle Teezer_Press Release_FINAL_ENG
Societe BIC (EU:BB)
過去 株価チャート
から 12 2024 まで 12 2024
Societe BIC (EU:BB)
過去 株価チャート
から 12 2023 まで 12 2024