Sally Beauty Holdings, Inc. Reaffirms Commitment to Canadian Stylist Community & Beauty Consumers; Completes Acquisition of P...
September 29 2020 - 1:06PM
Business Wire
Sally Beauty Holdings, Inc.
(NYSE: SBH) (“the Company”) today confirmed its commitment to the
Canadian stylist community and to the Canadian hair color, hair
care, nail and beauty consumer. Beauty Systems Group (“BSG”), the
professional division of SBH, has 122 professional wholesale stores
under the CosmoProf and Chalut brands across Canada. Sally Beauty
Supply, the retail division of SBH, has 140 retail stores selling
hair color, hair care, nail and other salon and beauty products
across Canada.
In support of this commitment,
SBH today announced the acquisition of La Maison Ami-Co Inc., a
professional beauty products distributor in the Canadian province
of Quebec, by its subsidiary BSG. The transaction includes the
acquisition of 10 La Maison Ami-Co stores, the addition of 17
direct sales consultants and exclusive distribution rights in
Quebec to premier professional hair color and hair care brands
including Wella Professional, Goldwell and Oribé.
This acquisition will allow
BSG to further expand its operations throughout Quebec and will
increase BSG’s professional beauty product offerings in its
existing Chalut store network and full-service business that was
acquired in 2017.
“We are excited about the addition of La Maison Ami-Co’s stores,
direct sales consultants and talented employees to the BSG business
in Quebec,” said Mark Spinks, president of Beauty Systems Group.
“This acquisition is consistent with our strategy to gain
additional exclusive distribution rights of professional hair color
and care brands and should further strengthen BSG’s position in
Canada while adding synergies between the Chalut and La Maison
Ami-Co operations.”
The Company also announced that it had expanded its offering of
retail beauty products to Canadian consumers on the recently
launched sallybeauty.ca to 4,100 items, and shortened delivery
times for e-commerce orders to consumers across Canada by expanding
its ship-from-store e-commerce distribution points to 9
provinces.
About Sally Beauty Holdings, Inc.
Sally Beauty Holdings, Inc. (NYSE: SBH) is an international
specialty retailer and distributor of professional beauty supplies
with revenues of approximately $3.9 billion annually. Through the
Sally Beauty Supply and Beauty Systems Group businesses, the
Company sells and distributes through 5,062 stores, including 158
franchised units, and has operations throughout the United States,
Puerto Rico, Canada, Mexico, Chile, Peru, the United Kingdom,
Ireland, Belgium, France, the Netherlands, Spain and Germany. Sally
Beauty Supply stores offer up to 8,000 products for hair color,
hair care, skin care, and nails through proprietary brands such as
Ion®, Generic Value Products®, Beyond the Zone® and Silk Elements®
as well as professional lines such as Wella®, Clairol®, OPI®,
Conair® and Hot Shot Tools®. Beauty Systems Group stores, branded
as CosmoProf® or Armstrong McCall® stores, along with its outside
sales consultants, sell up to 10,500 professionally branded
products including Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®,
Kenra®, Goldwell®, Joico® and CHI®, intended for use in salons and
for resale by salons to retail consumers. For more information
about Sally Beauty Holdings, Inc., please visit
https://www.sallybeautyholdings.com/.
Cautionary Notice Regarding Forward-Looking
Statements
Statements in this news release and the schedules hereto which
are not purely historical facts or which depend upon future events
may be forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements, as that term is defined in the Private Securities
Litigation Reform Act of 1995, can be identified by the use of
forward-looking terminology such as “believes,” “projects,”
“expects,” “can,” “may,” “estimates,” “should,” “plans,” “targets,”
“intends,” “could,” “will,” “would,” “anticipates,” “potential,”
“confident,” “optimistic,” or the negative thereof, or other
variations thereon, or comparable terminology, or by discussions of
strategy, objectives, estimates, guidance, expectations and future
plans. Forward-looking statements can also be identified by the
fact these statements do not relate strictly to historical or
current matters.
Readers are cautioned not to place undue reliance on
forward-looking statements as such statements speak only as of the
date they were made. Any forward-looking statements involve risks
and uncertainties that could cause actual events or results to
differ materially from the events or results described in the
forward-looking statements, including, but not limited to, the
risks and uncertainties related to COVID-19 and those described in
our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for the year ended September 30,
2019, and our most recent Quarterly Report on Form 10-Q for the
quarter ended June 30, 2020, as filed with the Securities and
Exchange Commission. Consequently, all forward-looking statements
in this release are qualified by the factors, risks and
uncertainties contained therein. We assume no obligation to
publicly update or revise any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20200929005984/en/
Jeff Harkins Investor Relations 940-297-3877
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