Beauty Store Business magazine - January, 2020

beauty news

ULTA Beauty's Loyalty Program Passes 16-Million Mark

ULTA Beauty's Ultamate Rewards loyalty program now has "16.1 million active members" and "drives well over 80%" of the national beauty retailer's sales, CEO Mary Dillon told analysts during her opening remarks in the public company's second quarter 2015 earnings conference call Aug. 27.

The number of ULTA's Ultamate Rewards members is up 18% over the prior 12-month period, according to Dillon.

Largest Retailer of Professional Haircare Products in Canada Joins Forces with ONCAP to Help Accelerate Growth

Intrepid Investment Bankers, a leading middle-market investment bank, announced July 17 the acquisition of its client, Chatters Canada—the largest retailer of professional haircare products in Canada and one of the largest hair-salon operators in that country—by ONCAP, the middle-market private-equity platform of Onex Corp., in partnership with the existing management team. The investment is being made by ONCAP III.