Beauty Store Business - August, 2019

professional beauty

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.

Eastern Buying Conference 2016 to Be Held in East Rutherford, New Jersey

The next Eastern Buying Conference will not be—as previously announced—at the Garden State Exhibit Center in Somerset, New Jersey, April 2-3, Beauty Store Business has learned.

Instead, it is returning to a site longtime exhibitors and attendees are more familiar with: East Rutherford, New Jersey, where it was held for many years before moving to Atlantic City, New Jersey, and then to Somerset this past April.

Better Economy Leads to Growth for Salon Services, Products

Total revenues for all salon-industry services—hair, skin and nails—plus salon retail grew at a respectable 3.1%, according to the new 2014 Professional Salon Industry Haircare Study from Professional Consultants & Resources, a leading salon-industry strategic-consulting and data-source company.

The total U.S. salon haircare market segment (services and retail) registered $67.02 billion, representing growth of 3.2%. There are nearly 303,000 salons and barbershops in the United States that use and sell salon haircare products.

Eastern Buying Conference to Be Held in New Venue

Officials of the Northeast Beauty Rep Association—which has hosted the Eastern Buying Conference and its predecessor, The NEBRA Show, annually since 1982—are excitedly welcoming a new venue this year.

The 2015 manufacturers rep firms' trade show will take place Saturday, April 18, and Sunday, April 19, inside the Garden State Exhibit Center in Somerset, New Jersey.

Setup is Friday, April 17, and the host hotel is the Holiday Inn Somerset.

The show floor is sold out, EBC show manager Patty Paletto has told Beauty Store Business.