Beauty Store Business magazine - January, 2020

salon hair care

ULTA Beauty's Hair-Salon Business Keeps On Growing

Every ULTA Beauty store has a hair salon in it—and that core-service part of the nationwide beauty-retail chain's business continues to post impressive increases.

In ULTA Beauty's financial results for its third quarter of fiscal 2015 (the 13-week period that ended Oct. 31) announced Dec. 3, salon sales increased 20% to $51.7 million—compared to $43.1 million in its third quarter of fiscal 2014.

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.

MopTop Natural Haircare Collection

This award-winning salon haircare collection has introduced its line of natural products. The line consists of Clarifying Rescue Treatment, Gentle Shampoo, Co-Wash Cleansing Conditioner, Daily Conditioner, Light Conditioner, Leave-In Conditioner, Medium Hold Gel and Curly Hair Custard, along with a tear-free FuzzyDuck line for children. Carefully formulated from all-natural ingredients—including aloe, sea botanicals and honey—the line is also free of sulfates, silicones, dyes, phthalates and parabens to let hair shine at its natural best.