Skip Nav
Designer Collaborations
This Style Star Will Turn You Into a Beach Babe This Summer
Celebrity Street Style
Miranda Kerr Just Pulled a Very Duchess of Cambridge Style Move
Summer Fashion
20 Staples The Duchess of Cambridge Keeps in Rotation All Summer Long
Summer Fashion
30 Outfits So You'll Never Sweat What to Wear to Work in the Summer Again

Since When Are Nail Polish Brands Worth A Billion?

Nail polish brand OPI is for sale for an estimated $1 Billion US Dollars (roughly £620 million). Maybe it's me just being naive, but I had no idea that tons of little £8 nail varnishes could add up to be worth this much money. However, now that I think about it, with it's broad age appeal and strong global presence (it's sold in over 80 countries), I see things a little more clearly.

So far, the players in the acquisition game are Coty Inc, Procter & Gamble Co and private equity firms. Coty, who already owns about half of the nail world including Sally Hansen, is making the biggest offer, whilst P & G is believed to be the best partner for the brand. Whichever company winds up winning this well-polished hand are believed to be part of the largest professional nail care deal in history. In fact, it's over five times the amount that L’Oréal USA’s just bought Essie Cosmetics for back in April (estimations are at £62 million)!

Co-founder and style director of Colomer Group-owned by CND, Jan Arnold told WWD, "I don’t find them (nail deals) surprising at all. The nail category is usually about 10 years behind the hair industry, so it is falling in line behind the consolidation trend."

Are you surprised by how much beauty companies are being valued at?

Around The Web
4 Hacks to Make Painting Your Nails Much, Much Easier
8 Sandal And Nail Polish Pairings That Take The Stress Out Of Picking A Color
Alexander McQueen Is Creating a Male and Female Fragrance
Mosaic of Empty Nail Polish Bottles
Watch Chanel's Latest Nail Varnish Video
Black Manicure Ideas
OPI Smartphone Cases
Kate Middleton Crowned Most Inspirational Beauty
Red Manicure Ideas
Nail Art Trends 2013

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Fashion
X