Good Hair Day
Good Hair Day, abbreviated to ghd, is a manufacturer of hair care products based in Leeds, United Kingdom. The company is known for its hair straightening irons and is sold in over 50,000 salons worldwide. The company was the first hair tool sponsor of the Victoria's Secret Fashion Show. History Martin Penny, Gary Douglas, Susan Powls, and Robert Powls founded ghd in January 2001. The three collaborated to buy the rights to a hair straightening iron from an inventor in South Korea. The brand grew organically from word of mouth, and began their first advertising campaign two years later. By then, hair salons had purchased £12 million of stock, against a forecast of between £3 million and £4 million. In May 2004, ghd entered the North American market, which helped generate worldwide sales of £37 million for the year. In July 2006, The Jemella Group, which owned the ghd brand, was bought by Lloyds Development Capital for £55 million. It was sold eleven months later to Montagu Private Equity for £160 million. in February 2013, Lion Capital, a British private equity firm, purchased ghd for approximately £300 million. By March 2013, the company had sales totalling over £150 million, more