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In a one-on-one interview with DailyFinance, Paul Mitchell CEO John Paul DeJoria discusses the hair-care industry, his philanthropy efforts and why the company won't go public. "If Paul Mitchell went open market, I'd double my business overnight. But I always said that if we were lucky enough to make it, we'll be the only ones that never sold you out."

The sobering economy is making consumers enjoy a drink at home rather than get happy at the neighborhood bar. Drinkers are also finding pleasure in cheaper brands. New data released by the Distilled Council Spirits of the U.S. show a 2.2 % volume growth in retail liquor sales in 2009, but alcohol...