Harvey Norman’s Gerry Harvey and Katie Page have invested in Straand, a hair care and scalp brand that has also snared backing from the venture capital fund operated by global consumer goods giant Unilever.
The funding round of $4 million caps an active year for Australian beauty brands. In August, the founders of Bondi Sands sold that self-tanner and skincare brand for $450 million, while Melbourne’s Aesop was acquired by L’Oréal in June for $3.7 billion.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com