Home / Knowledge / News / Fashion / Procter & Gamble buys NIOXIN
Procter & Gamble buys NIOXIN
04
Sep '08
The Procter & Gamble Company announced the closing of an agreement to purchase NIOXIN Research Laboratories Inc. A leader in the scalp care professional haircare segment, NIOXIN offers a range of innovative products that focus on the scalp to improve the appearance of thinning hair.

The Company's product line is distributed through salons and salon stores in more than 40 countries. The acquisition is in line with P&G Beauty's strategy of focusing on faster growing, higher margin and more asset-efficient businesses.

"NIOXIN is the leading brand in the specialty thinning hair segment with strong brands, excellent management and a deep expertise in the professional hair businesses," said Robert Jongstra, President, P&G Professional Care.

"This acquisition is a great strategic fit given P&G's leadership and proven strength in its retail scalp care business.

Further, P&G's global scale creates opportunities to further grow the NIOXIN brand in key markets around the world. By bringing these two complementary businesses together, we create a strong global platform to leverage the innovation pipeline of both companies."

"Our goal is to further grow the NIOXIN business with their current organization, brand portfolio and distribution partners," said Kevin Otero, General Manager, P&G Professional Care, North America.

"NIOXIN will be an important part of our portfolio to further maximize our services, education and salon business support.

The acquisition strengthens P&G's continued commitment to grow the salon industry and create new opportunities for our customers, stylists and consumers while building on our professional leadership in the haircolor segment with another strong haircare brand."

P&G said current NIOXIN CEO, Brian Graham, will continue to lead the business. "Brian is a tremendous leader and asset with a strong passion for this brand and for the industry," said Otero.

"P&G is a remarkable consumer products company with a proven track record of building leading global brands," said Graham.

"Our combined expertise in hair and scalp innovation will serve as a tremendous platform for future ideation collaboration and offerings for consumers around the globe and we are pleased to join P&G's Professional Hair Division."

"In a world of globalization, we are proud to join the family of P&G brands," said Eva Graham, NIOXIN Founder. "Aligning our strategic interest will deliver ongoing rewards for the future development and expansion of the NIOXIN Brand."

Michel Dyens & Co acted as exclusive financial advisor to NIOXIN Research Laboratories Inc in this transaction.

The Procter & Gamble Company


Must ReadView All

Trump signs revised free trade agreement with S Korea

Textiles | On 25th Sep 2018

Trump signs revised free trade agreement with S Korea

President Donald Trump signed a revised free trade agreement with...

L-R: Jonathan Akeroyd, Donatella Versace, John D Idol. Courtesy: Rahi Rezvani

Fashion | On 25th Sep 2018

Michael Kors to acquire Versace; to be renamed Capri

Michael Kors Holdings Limited, a global fashion luxury group, has...

'India can take up lack of capacity in US, China markets'

Textiles | On 25th Sep 2018

'India can take up lack of capacity in US, China markets'

India can now take up the lack of capacity in the US and Chinese...

Interviews View All

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search