PARIS — Dessange International has added a distribution activity.
The company said Friday that it has acquired a majority stake in Coiff’Idis, France’s leading distributor of products and materials for hair salons.
Dessange now owns 61.75 percent of the concern, while the founders of Coiff’Idis hold the remaining stake and will remain in their management roles.
“Thanks to this acquisition of Coiff’Idis, Dessange International will surpass 100 million euros [or $109.1 million at current exchange] of sales in 2016, of which almost 50 percent will be realized by the distribution activity and products,” stated Benjamin Dessange, chairman of Dessange International.
Coiff’Idis distributes to 20,000 salons approximately 6,500 references from brands including Revlon, L’Oréal Professionnel, Wella and Schwarzkopf. It also acts as an exclusive distributor of Matrix and Moroccanoil in the country.
Coiff’Idis also sells its own brand throughout France and has 37 stores, six logistics centers and almost 100 representatives.
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Last year, the company generated 36.1 million euros, or $40 million at average exchange, in sales. For 2016, a 10 percent rise in revenues is expected, according to Coiff’Idis.
Alongside the new distribution business, Dessange International’s activities involve franchised salons under the brands Dessange Paris, Camille Albane and Fantastic Sams; the management of licensed products, and the creation and manufacturing of private-label products.