Olaplex Holdings, Inc.

Money Moves

Being acquired

Olaplex went public in September 2021 at a valuation north of $15 billion, riding a wave of consumer enthusiasm for its patented bond-repair hair treatments. Four and a half years later, after lawsuits alleging hair loss, a banned ingredient scandal, and relentless competition, German consumer goods conglomerate Henkel agreed to buy the company for $1.4 billion—roughly a tenth of what it was once worth.

Updated Yesterday