Sedulo Times - Q4 2021

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JD Sports PLC steps into the beauty sector with majority-stake in Hairburst

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edulo Corporate Finance have advised on the sale of haircare brand, Hairburst, to global retailer, JD Sports Fashion. The acquisition of the majority stake in the Leeds-based online haircare retailer marks JD Sports’ first steps into the UK’s beauty market. Founded in 2014 by James Hill, Henry Gwilliam and Matthew Cragg,

Hairburst sells vitamin, shampoos and styling products. Their products are scientifically formulated using safe and natural ingredients to deliver a blend of vitamins and minerals to promote hair growth and protection. The brand has demonstrated its success with products marketed online to customers in France, Italy, US, the Middle

East and North Africa, as well as being stocked in several UK retailers. Hairburst’s growth has demonstrated its popularity amongst millennials, with the business boasting 850,000 followers on Instagram and now employing 45 staff. Despite JD Sports recent acquisition spree in the fashion industry, this transaction marks their first steps

into the beauty sector. The group, through Hairburst, will target acquisitions of complementary entrepreneurial businesses to enhance their beauty and well-being offering. James Hill from Hairburst said: “We are very excited to partner with JD for the next stage of our growth. Continued on page 10.

TONY BELLEW TO APPEAR AT LIVERPOOL WILSON CLUB FOR AN EXCLUSIVE SPORTING CLUB LUNCH AND BOOK SIGNING | PG 23


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