Beauty Store Business

OCT 2018

Beauty Store Business provides solutions for better retailing! New products, industry news, savvy business moves and important trends affecting both brick-and-mortar and online retailers are included in each issue.

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Page 10 of 67 | October 2018 9 JD BEAUTY ACQUIRES OUIDAD In August, JD Beauty Group announced its acquisition of Ouidad, a curly haircare and styling brand founded more than 30 years ago. This makes Ouidad another industry-leading brand added to JD Beauty's portfolio of haircare and styling tools, which includes WetBrush and Bio Ionic. Jeffrey Davidson, CEO of JD Beauty, said, "We are always striving to cement our position as an innovation leader in the professional beauty industry, and this new chapter with Ouidad speaks to that commitment. Ouidad is an exciting brand, with a passionate following similar to our current lines, WetBrush and Bio Ionic. We will be honored to further its legacy here at JD Beauty." JD Beauty is a portfolio company of Topspin Partners, a private equity fund. The acquisition was a partnership between Topspin Partners, JD Beauty (the majority owner), Deerpath Capital Management and Star Mountain Capital, which provided the financing. ■ EXECUTIVE VICE PRESIDENT JIM WAHL RETIRES FROM WAHL CLIPPER CORPORATION Jim Wahl, executive vice president of Wahl Clipper Corporation, retired in July after leading the family business for 46 years. The decision to retire comes shortly before the company's 100-year anniversary next year—and after considerable deliberation, according to son, Lance Wahl, the company's global vice president of professional products. Family, employees and stockholders were present for an official and heartfelt send-off at Wahl's Sterling, Illinois, factory. "After 46 years, it is time to step back. I look forward to spending more time with my wife and visiting friends and family," Jim said. Aside from a stint in the army, Jim devoted his entire professional career to the company, beginning in 1972 as marketing service manager for the consumer division and eventually finishing his career as the company's executive vice president. Among his many achievements, one of his most impactful decisions that contributed to the company's success was to shift the focus of who Wahl marketed its products to and how. Specifically, he shifted the company to market directly to beauty and barber suppliers with a trained staff of sales representatives who knew the salon and barbering business. "He pushed true sales and marketing versus just being a manufacturer," Lance said. "He also pushed to reach out to female stylists and barbers." "We truly care about our products because we make them from scratch here in the United States. Jim pushed us to truly care about what the industry thinks of our tools," Lance said. Jim Wahl From left: courtesy of Wahl Clipper Corporation, JD Beauty

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