Blackstone Announces Partnership with "Juno Hair"

On September 2, Blackstone announced that it had signed a final agreement to make a large-scale investment in the haircare brand Juno Hair. This agreement was based on a close partnership with Juno Hair founder and CEO Kang Yoon Sun, who will continue to lead the company as CEO and work with Blackstone to drive sustained growth and global expansion.

Founded in 1982, Juno Hair now operates more than 180 locations nationwide and has established itself as Korea's leading premium haircare franchise. In addition to expanding across Asia, including Singapore, Vietnam, and the Philippines, the company is also collaborating with new master franchise partners in Japan and Thailand.

Kang Yoon Sun, founder and CEO of Juno Hair, stated, "The partnership with Blackstone marks a significant milestone in Juno Hair's journey. It reaffirms our confidence in the future of Juno Hair, our family of over 3,000 designers and care technicians, and the brand itself."

She added, "I am delighted to collaborate with Blackstone, which shares our vision of delivering outstanding Korean beauty and wellness services on the global stage. Blackstone's global platform and unparalleled scale will not only accelerate Juno Hair's expansion but also play a crucial role in solidifying our leadership in K-Beauty."

Kuk Yoo Jin, Head of Blackstone Korea Private Equity, commented, "It is an honor to work with CEO Kang Yoon Sun, the entire Juno Hair management team, and the broad community of talented haircare professionals within the Juno Hair system. This partnership demonstrates Blackstone's commitment to collaborating with visionary founders and supporting the growth of family-run businesses through our global scale, operational expertise, and professional network."

Kuk emphasized, "Juno Hair represents Blackstone's fourth private equity investment in Korea, where we invest in industry-leading companies alongside visionary entrepreneurs and support their long-term success."

Park Ji Young, Managing Director of Blackstone Private Equity, stated, "Consumer beauty and wellness services are a key investment theme for Blackstone's Asia private equity business. We will leverage our top-tier resources and expertise to help companies grow both domestically and internationally, and to deliver better customer service."