Tangle Teezer, the UK hair brand best known for its detangling styling hair brushes, which has successfully made a net worth of sales this year of 70 million euros, has been bought by the French stationery brand Bic. The intent of the stationary company to purchase Tangle Teezer is to create “outstanding” waves in the creation of high-quality and sustainable products, cosmetic business states. The CEO of Bic, Gonzalve Bich, made a statement about the buying of the company, stating, “We are excited to acquire a market-leading business in a dynamic, high-growth market where we can drive significant value.” He also added, “Both companies share a deep spirit of joy, innovation, and entrepreneurship and a common vision for growth.” cosmetic business states. Both of the companies main goals are to expand and create a significant level of profit. The previous owners of Tangle Teezer, Mayfair Equity Partners, have fully exited the brand and were the owners of the brand since July 2021.
