SINGAPORE – Media OutReach – 19 October 2022 – The Munich-based indie haircare firm ikoo is bought to the Hongkong-based father or mother firm Whealthfields in the midst of a company takeover. After the self-financed founding of the corporate and the profitable growth of a global distribution community, the meant exit is now happening. The founding workforce round Christopher and Katrin von Hallwyl is happy about this profitable transaction and the truth that the ikoo model will proceed to develop as a part of the portfolio integration at Whealthfields. “With the monetary, advertising and provide chain energy and the worldwide positioning of the Whealthfields Group, in addition to the outlined M&A strategy so as to add additional manufacturers to the portfolio, we as founders and scaling skilled managers can leverage synergies and in addition assist additional manufacturers to be acquired to attain vital progress beneath the Whealthfields Holding umbrella, explains Christopher von Hallwyl, Co-Founder and Managing Director of ikoo who based ikoo collectively together with his spouse Katrin. She can be wanting ahead to working beneath the Whealthfields Holding umbrella: “We deliver experience in product teams, improvements and classes that haven’t beforehand been a part of the Whealthfields Holding portfolio, however that are characterised by sturdy progress prospects. The openness to funding and the sturdy want for entrepreneurial progress on the a part of Whealthfields Holdings administration had been the choice drivers for the partnership, he mentioned. Christopher’s and Katrin’s dynamism, innovation, and know-how know-how in addition to their entry to internationally related distribution channels and their sturdy community of specialists and decision-makers had been decisive for Whealthfields to make this acquisition. Christopher and Katrin additionally deliver an incredible community and contacts to founders who’re excited by promoting their firm. Prior to founding ikoo, Christopher held varied government roles at worldwide corporations, whereas Katrin spent 10 years answerable for constructing a market-leading supplier of plane interiors. The events have agreed to not disclose the main points of the transaction or the acquisition worth. All staff and managers concerned will stay a part of the corporate and can contribute to the additional progress of the corporate. Hashtag: #WhealthfieldsThe issuer is solely answerable for the content material of this announcement.About ikoo:Since its founding in 2013, ikoo has grown to change into a quick and worthwhile rising impartial haircare model within the APAC, GCC and U.S. areas and is the one impartial model of scale that sits on the intersection {of professional}, status retail and digital channels. ikoo’s clear, PETA licensed and extremely efficient award-winning portfolio of haircare merchandise and styling-tools has earned the model quite a few accolades, together with No.1 rank on the UK Hair Awards and Nr. 2 indie associate model at Beauty Systems Group. Through its dedication to professional-quality merchandise and an inclusive Female-First ethos, ikoo has constructed a passionate and numerous group of customers and salon professionals. Today, as a result of its profitable omni-channel technique, ikoo is bought at premium retailers reminiscent of Sephora and JCPenny, within the e-tail section at prospects reminiscent of Tmall and Boutiqaat, and on direct channels reminiscent of Amazon and ikoohair.com, with the model being notably sturdy within the U.S., China and the Middle East. Key improvements embrace scalp exfoliators and serums, IP-protected styling instruments, every of which embrace full routines of shampoos, conditioners, masks, and styling merchandise. For extra info on ikoo, go to ikoohair.com
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