KKR & Co. Inc.KKR-owned Wella filed for a US IPO that could value it above the $4.3 billion KKR paid, a potential gain on its investment.

Wella, the beauty company owned by KKR, has filed for an initial public offering in the United States. In its filing, Wella reported full-year fiscal 2026 net sales of $2.9 billion, up 9.2 percent, and net income of $62 million, compared with a loss of $7.7 million the prior year. Within its portfolio, the Wella brand generated over $1 billion in net revenue, while GHD brought in $478 million. Reuters has reported that the IPO could value the company at more than the $4.3 billion KKR paid for it. KKR recently appointed Calvin McDonald, former CEO of Lululemon, to lead Wella as it prepares to go public.
KKR & Co. Inc.KKR-owned Wella filed for a US IPO that could value it above the $4.3 billion KKR paid, a potential gain on its investment.
Lululemon Athletica Inc.Wella filed for a US IPO reporting $2.9B net sales (up 9.2%) and $62M net income versus a prior-year loss.