Tangle Teezer Explained

Tangle Teezer is a British company that manufactures hair care products, most notably hairbrushes. It was founded by Shaun Pulfrey, a hairdresser, and its first product was launched in 2007. The first and signature product, a detangling hairbrush dubbed "The Original" eventually achieved cult popularity and received the Queen's Award for Innovation in 2012,[1] and International Trade in 2014,[2] as well as reaching the Sunday Times Fast Track 100 in 2013 and 2016.[3] [4]

History

Tangle Teezer was founded by its inventor Shaun Pulfrey, who started his career as a hair colorist in 1978. He has worked at Pierre Alexandre, Toni&Guy, Nicky Clarke, and Richard Ward salons throughout his career.

In 2003, Pulfrey began to research and develop his idea for a detangling hairbrush to create the world’s first professional detangling tool.[5] [6]

In 2005 Pulfrey remortgaged his flat in Brixton, London for six months' worth of capital (£25,000) to finance the product launch.[7]

In May 2005 Pulfrey published I Wanna Be Blonde, a book sharing his insider hair coloring tips.[8]

Pulfrey appeared on Dragons’ Den in 2007. He pitched "The Original" detangling hairbrush to Peter Jones, Duncan Bannatyne, James Caan and Deborah Meaden. Pulfrey offered 15% of Tangle Teezer for £80,000 but was rejected. Jones labeled the brushes ‘hair-brained’, Caan said they were a ‘waste of time,’ and Bannatyne said he wanted to ‘pull [his] hair out.’ However, when the episode was aired, the Tangle Teezer website crashed due to public demand,[9] with 1,500 orders placed.

In 2008, Boots began stocking the brushes, and by 2009 sales had reached £500,000.[10]

In 2011, sales hit £2.2 million, further growing to £28.6 million in March 2016, having expanded into 70 international markets.

In July 2021, Pulfrey sold a majority stake in Tangle Teezer to Mayfair Equity Partners for approximately £70 million.[11]

External links

Notes and References

  1. Web site: 22 April 2012 . Full list of 2012 Queen's Award winners Financial Times . 2023-04-18 . Financial Times.
  2. Web site: 21 April 2014 . List of 2014 Queen's Awards for Enterprise winners Financial Times . 2023-04-18 . Financial Times.
  3. Web site: 2013-09-30 . Tangle Teezer: A Brush with Success . 2023-04-18 . Data Plastics Injection Moulding . en-GB.
  4. Web site: Team . The Startups . 2016-04-11 . Sunday Times reveals names of British businesses with fastest-growing profits . 2023-04-18 . Startups.co.uk . en-GB.
  5. News: Coleman . Alison . 2016-04-15 . Celebrity endorsements saved Tangle Teezer a fortune, says CEO . en-GB . The Guardian . 2023-04-18 . 0261-3077.
  6. Web site: Munbodh . Emma . Speirs . Kathleen . 2021-06-24 . Tangle Teezer owner made £30m after Dragon's Den knocked back idea . 2023-04-18 . Daily Record . en.
  7. News: 2013-11-29 . Hairdresser's brush with success . Financial Times . 2023-04-18.
  8. Book: Pulfrey, Shaun . I Wannabe Blonde . 2005 . Artnik . 978-1-903906-58-3 . en.
  9. News: Small business in the spotlight: Tangle Teezer. Dann. Kitty. 2014-08-23. The Guardian. en-GB. 0261-3077. 2016-04-13.
  10. News: Coleman . Alison . 2016-04-15 . Celebrity endorsements saved Tangle Teezer a fortune, says CEO . en-GB . The Guardian . 2023-04-18 . 0261-3077.
  11. Web site: 2 August 2021 . Mayfair Equity Partners backs management buy-out of Tangle Teezer . Private Equity Wire.