P&G sells African American hair care business
From cosmeticsdesign.com
Procter & Gamble (P&G) has sold ethnic hair care company Johnson Products to a group of investors for an undisclosed sum.
Johnson Products is a major player in the ethnic hair care market with annual sales of $23m and range of 30 products that includes the Gentle Treatment and Ultra Sheen brands.
Founded in 1954, Johnson Products has the accolade of being the first minority-run company to be listed on the New York Stock Exchange.
No comments:
Post a Comment