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VS Sassoon

2026-11-07 · P&G 2025 annual report; public reporting on the VS China transaction
CategorySalon Hair Care
Founded1954
HeadquartersLondon, UK
ListingNot separately listed; long a P&G brand, its China business has reportedly been sold to Henkel (listed in Frankfurt)
Latest revenueGroup FY2025 net sales USD 84.3bn, net earnings USD 16.0bn
Hero SKUsRepair & Care Shampoo

Brand History

The brand carries the name of British hairdresser Vidal Sassoon, who opened his London salon in 1954 and reshaped two generations of hair aesthetics with geometric cuts such as the bob; the name later extended from salon professional into at-home hair care. P&G took the brand into its portfolio in the 1980s and developed it into a global 'salon-grade at home' proposition.

In China VS Sassoon long stood for professionalism — hairstylists, backstage and runway imagery, priced above Pantene and below true professional lines. But it was squeezed from both ends: Kérastase above and ingredient-led domestic brands below, with China results under pressure. Public reporting indicates P&G has sold the VS China business to Germany's Henkel, making the brand a textbook case of foreign beauty asset restructuring in China.

Hero Products

Repair & Care ShampooThe mass-priced repair line and the brand's volume driver in China.
Fresh BalanceA light line for oily, flat hair.
Styling ToolsDryers and styling appliances carrying the salon mind.
Scalp CareAn upgrade attempt around scalp claims.

Three-Year Financials

YearRevenue (USD bn)YoYNet profit (USD bn)
202382.0+2.3%14.7
202484.0+2.5%14.9
202584.3+0.4%16.0
Scope:Group level (P&G, USD; fiscal year ends 30 June)
Brand-level:P&G does not disclose VS Sassoon revenue. Beauty was 18% of FY2025 net sales and hair care organic sales were flat.
Source:P&G 2025 annual report; public reporting on the VS China transaction

Company Coverage

EDITOR'S NOTE

Editor's note: VS Sassoon illustrates a mismatch of brand assets: the professional image survives, but what carried it — stylists, salons — has drifted far from the actual purchase reason. Whether Henkel can reactivate it with beauty operating muscle beyond its adhesives business is a harder question than the product itself.

ShampooSalon Hair Care