Business Daily Media

Men's Weekly

.

Whealthfields Acquires Munich-based Indie Premium Haircare Company – ikoo

SINGAPORE - Media OutReach - 19 October 2022 - The Munich-based indie haircare company ikoo is sold to the Hongkong-based parent company Whealthfields in the course of a corporate takeover.

After the self-financed founding of the company and the successful development of an international distribution network, the intended exit is now taking place.

The founding team around Christopher and Katrin von Hallwyl is pleased about this successful transaction and the fact that the ikoo brand will continue to grow as part of the portfolio integration at Whealthfields. "With the financial, marketing and supply chain power and the international positioning of the Whealthfields Group, as well as the defined M&A approach to add further brands to the portfolio, we as founders and scaling experienced managers can leverage synergies and also help further brands to be acquired to achieve significant growth under the Whealthfields Holding umbrella, explains Christopher von Hallwyl, Co-Founder and Managing Director of ikoo who founded ikoo together with his wife Katrin. She is also looking forward to working under the Whealthfields Holding umbrella: "We bring expertise in product groups, innovations and categories that have not previously been part of the Whealthfields Holding portfolio, but which are characterized by strong growth prospects.

The openness to investment and the strong desire for entrepreneurial growth on the part of Whealthfields Holdings management were the decision drivers for the partnership, he said. Christopher's and Katrin's dynamism, innovation, and technology know-how as well as their access to internationally relevant distribution channels and their strong network of experts and decision-makers were decisive for Whealthfields to make this acquisition. Christopher and Katrin also bring a great network and contacts to founders who are interested in selling their company.

Prior to founding ikoo, Christopher held various executive roles at international companies, while Katrin spent 10 years responsible for building a market-leading provider of aircraft interiors. The parties have agreed not to disclose the details of the transaction or the purchase price. All employees and managers involved will remain part of the company and will contribute to the further growth of the company.

Hashtag: #Whealthfields

The issuer is solely responsible for the content of this announcement.

About ikoo:

Since its founding in 2013, ikoo has grown to become a fast and profitable growing independent haircare brand in the APAC, GCC and U.S. regions and is the only independent brand of scale that sits at the intersection of professional, prestige retail and digital channels. ikoo's clean, PETA certified and highly effective award-winning portfolio of haircare products and styling-tools has earned the brand numerous accolades, including No.1 rank at the UK Hair Awards and Nr. 2 indie partner brand at Beauty Systems Group. Through its commitment to professional-quality products and an inclusive Female-First ethos, ikoo has built a passionate and diverse community of consumers and salon professionals. Today, due to its successful omni-channel strategy, ikoo is sold at premium retailers such as Sephora and JCPenny, in the e-tail segment at customers such as Tmall and Boutiqaat, and on direct channels such as Amazon and ikoohair.com, with the brand being particularly strong in the U.S., China and the Middle East. Key innovations include scalp exfoliators and serums, IP-protected styling tools, each of which include complete routines of shampoos, conditioners, masks, and styling products. For more information on ikoo, visit ikoohair.com

News from Asia

VinFast Indonesia to expand dealership network to 85 showrooms nationwide

JAKARTA, INDONESIA - Media OutReach Newswire - 26 July 2025 - VinFast, the Vietnamese Nasdaq-listed EV manufacturer, has officially signed agreements with 20 new dealership partners during th...

VinFast Indonesia continues to expand nationwide service workshop network

JAKARTA, INDONESIA - Media OutReach Newswire - 26 July 2025 - VinFast, the Vietnamese Nasdaq-listed pure-electric vehicle manufacturer, today announced the signing and implementation of strategic ...

HKSTP Takes Nine Game-Changing AI Tech Ventures to WAIC 2025 to Advance China's AI Plus Vision in Transforming Business and Industry

HONG KONG SAR / SHANGHAI, CHINA - Media OutReach Newswire - 27 July 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) is embarking on a mission to advance China's AI Plus vision wi...

Vietfood & Beverage - Propack Vietnam 2025: The Biggest International F&B Exhibition in Vietnam

HANOI, VIETNAM - Media OutReach Newswire - 28 July 2024 - From August 7-9, 2025, Vietfood & Beverage - Propack Vietnam 2025 - The biggest international F&B exhibition in Vietnam will offic...

Jollibee Group Evolves its Corporate Brand to Help Power Global Growth

Brand update brings to life its global purpose and positioning as a unified group of brandsMANILA, PHILIPPINES - Media OutReach Newswire - 23 July 2025 - The Jollibee Group, one of the world's fas...

Taiwan Cybersecurity Day Returns to Thailand — Showcasing Solutions for Thai Enterprises

TAIPEI, TAIWAN - Media OutReach Newswire - 28 July 2025 - As global threats become increasingly sophisticated, cybersecurity has become essential for business continuity and digital trust. Taiwan ...

AIA Hong Kong continues to lead the insurance industry with the most market No.1* in Q1 2025

HONG KONG SAR - Media OutReach Newswire - 28 July 2025 - AIA Hong Kong has once again led the industry with the most market No.1 in the first quarter of 2025, according to the Provisional Statisti...

Aifeex Accelerates Global Strategy with Seven AI Ecosystems to Lead the Future of AI Finance

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 28 July 2025 - On July 22, 2025, Aifeex hosted the “2025 Global Artificial Intelligence Summit” in Kuala Lumpur, unveiling its strategic layout o...

YBUOJ Responds to BaFin Announcement, Reaffirms Compliance Credentials and Global Regulatory Commitment

COLORADO, USA - Media OutReach Newswire - 28 July 2025 - YBUOJ has issued an official response to a recent notice from the Federal Financial Supervisory Authority of Germany (BaFin), which alleged...

AsiaInfo Technologies Integrates with NVIDIA Omniverse to Accelerate Smart Manufacturing Transformation

BEIJING, CHINA- Media OutReach Newswire - 28 July 2025 - AsiaInfo Technologies Limited ("AsiaInfo Technologies" or the "Company"; HKEX stock code: 01675), a leading provider of software products...

Major national security tech alliance launches with Aerologix a founding member

Australia’s leading drone intelligence pioneer bolsters sovereign tech power Australia’s leading aerial data and drone intelligence platform, Aer...

Chris Hancock AM Honoured as 2025 Communications Ambassador

SYDNEY Chris Hancock AM, former CEO of AARNet, has been awarded the prestigious Communications Ambassador title at the 2025 Telecommunications Indus...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Sell by LayBy