IKON Trading had a net profit of over RON3 million (EUR618,000) in 2023, up 43.5% from the level reported in 2022, as per calculations by Ziarul Financiar (ZF) based on existing public data. The company reached an average number of 38 employees in 2023.
The company, established in 2005, in Bistrita, by Romanian entrepreneur George Retegan, is a distributor of professional products for beauty salons in Romania. Its portfolio includes haircare brands such as Nashi Argan, Olaplex, Screen and Sachajuan. In 2021, IKON Trading launched its own brand, Ikonik, created especially for Romanian hair stylists, according to data on the company’s website.
Romania’s beauty industry was on upward trend over the last years (between 2015 and 2021), seeing an annual average growth rate of 3.1% and reaching a value of almost EUR1.5 billion.