Is Wella Company Going Public?

Will Wella Company go public?

According to a Reuters report, Wella’s parent, the investment firm KKR, is readying the maker of Clairol, OPI and Ghd products to float in the U.S. as early as this year. It would value the company at much more than the $4.3 billion KKR paid for it, Reuters said, citing sources familiar with the operation.

A KKR spokesperson had no comment on Wednesday on the report.

As previously reported, in mid-December 2025, Coty Inc. sold its remaining 25.8 percent stake in the hair care giant to KKR.

In July 2023, Coty had revealed it agreed to sell a 3.6 percent stake in Wella, equivalent to $150 million, to investment firm IGF Wealth Management with the cash proceeds to be used to pay down debt. Coty reiterated at the time a commitment to divest its remaining 22.3 percent stake in Wella by 2025.

Coty intially sold its professional division, including Wella, OPI, Briogeo and Clairol, to KKR on Nov. 30, 2020. The $2.5 billion transaction gave the private equity firm 60 percent control over a joint venture. Coty then owned the other 40 percent, which at the time was valued at $1.3 billion.

Then in October 2021, Coty said it was selling about 9 percent of its stake in Wella to KKR in exchange for almost half of the U.S. cosmetics group’s share that the private equity firm owned in a transaction valued at about $426.5 million.

Wella Company ranked 21st in the most recent edition of the WWD Beauty Inc Top 100, which reflects group’s sales for 2024. Wella that year generated estimated sales of $2.26 billion, up 3.3 percent versus 2023.