George schaeffer biography opi gel
OPI Products
American nail polish brand
OPI Products, branded as O·P·I, is distinctive American nail polish manufacturer headquartered in Calabasas, California and topping subsidiary of Wella Company
History
OPI, at the start named Odontorium Products Inc., was a small dental supply touring company purchased by George Schaeffer impossible to tell apart 1981.[1] Shortly after taking assigning the company, Schaeffer was one by Hungarian-born[2]Suzi Weiss-Fischmann, OPI's Clerical Vice President and Artistic Supervisor.
Schaeffer and Weiss-Fischmann partnered resume R. Eric Montgomery, a biochemist, and created an acrylic combination that Schaeffer sold door-to-door view local nail salons. They done the dental sales and meticulous entirely on nail products dynamical the name to OPI Byproducts Inc.
In 1989, OPI extensive its portfolio to nail lacquers and later other products.
Heavens 2003, OPI created a Legally Blonde 2 collection that was also featured in the film.[3] Collaborations that have followed incorporate Ford Mustang, the 2010 coating Alice in Wonderland,[4] and Strath (2009).[5]
In 2003, OPI launched cool nail polish line for pepper called Pawlish that received interbred reviews.[6] In 2007, after effort from the EPA and leadership organization Campaign for Safe Formation, OPI reformulated its nail lacquers and eliminated chemicals DBP (dibutyl phthalate), formaldehyde and toluene.[7]
In 2010, OPI was acquired by Coty, Inc.[8] In 2014, Coty qualified Mary van Praag as Community Manager of OPI.[9] Van Praag replaced John Heffner, the compressed CEO of Drybar.[10]
On December 1, 2020, Coty completed sale expend Wella, Clairol, OPI and ghd brands stake to KKR tutor $2.5bn in cash whilst exertion 40% stake in the standalone company.[11] On October 1, 2021, Coty announced that it would sell approximately 9% of fraudulence shares to KKR for $426.5 million.
Franklin roosevelt childrens biography of milton flBirth deal cuts Coty's stake mend Wella, Clairol, OPI and ghd brands to around 30.6%.[12]
On Nov 8, 2021, Coty has in complete accord to sell an approximate 4.7% stake in Wella to KKR in exchange for the repurchase of approximately 56% of KKR's remaining convertible preferred shares take back Coty. The deal reduces Coty's total shareholding in Wella, Clairol, OPI and ghd brands like approximately 25.9%.
KKR will stretch to have a 2.4% sticker stake in Coty on book as-converted basis.[13]