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Olaplex Expects Net Sales to Fall 15 Percent in 2023

CEO JuE Wong called 2023 a “reset” year for the company, after fourth-quarter sales fell 21 percent year-over-year to $130 million.
Olaplex hair repair-focused products.
Olaplex hair repair-focused products. (Instagram/@olaplex)

The hits keep coming for Olaplex.

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Further Reading

Can Olaplex Reclaim the Narrative?

The popular hair care brand, at one point valued at over $10 billion, built a powerful community of superfans with its novel ingredients and claims to restore broken bonds. But stiff competition and unsatisfied customers have taken a toll.

About the author
Joan Kennedy
Joan Kennedy

Joan Kennedy is Correspondent at The Business of Fashion. She is based in New York and covers beauty and marketing.

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