Wella Files for IPO with $2.9 Billion in Fiscal 2026 Sales
Wella has filed for an initial public offering (IPO) after months of speculation, according to a report from WWD. The company reported full-year fiscal 2026 net sales of $2.9 billion, representing a 9.2% increase compared to the previous year. Net income reached $62 million in FY2026, reversing a prior year loss of $7.7 million. The Wella brand alone generated over $1 billion in revenue during fiscal 2026, while GHD contributed $478 million. The company is owned by KKR and has been preparing for the IPO under new CEO Calvin McDonald, who previously led Lululemon as a public company executive. The beauty sector's U.S. IPO market had remained quiet until recently, with Wella’s filing signaling renewed activity following SpaceX's upcoming IPO.
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Topics: beauty industry IPO sales report