Beauty Systems Group Announces Distribution Partnership with Prestigious Hair Color and Care Brand Pravana
September 11 2018 - 11:34AM
Business Wire
Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”) today
announced that Beauty Systems Group, the Company’s segment which
distributes beauty products to salon professionals through its
CosmoProf and Armstrong McCall branded divisions, has signed a new
distribution agreement with Pravana, the global salon professional
hair color and care brand.
The distribution agreement will allow Beauty Systems Group to
offer the Pravana brand through its CosmoProf and Armstrong stores
throughout the United States, with an anticipated launch during the
first quarter of fiscal year 2019. Pravana is owned by the German
corporation, Henkel AG and Company.
“We are excited to partner with such a prestigious brand that is
known by stylists in the professional channel as a leader in hair
color and care,” said Chad Selvidge, Senior Vice President and
Chief Merchandising Officer. “Pravana is a brand that has always
delivered tremendous innovation and creativity to the salon
industry.”
“Pravana is a great brand, and this partnership will further
enhance our hair color and care portfolio, which will expand our
ability to support our stylists,” said Mark Spinks, President of
Beauty Systems Group. “The Beauty Systems Group team looks forward
to extending the Pravana brand to our community of stylists,
especially with its wide range of vivid colors.”
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 5,170 stores, including 184
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, skin, and
nails through professional lines such as OPI®, China Glaze®,
Wella®, Clairol®, Conair® and Hot Shot Tools®, as well as an
extensive selection of proprietary merchandise. 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 Aquage®,
intended for use in salons and for resale by salons to retail
consumers. For more information about Sally Beauty Holdings, Inc.,
please visit sallybeautyholdings.com.
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Sally Beauty Holdings, Inc.Jeff Harkins, 940-297-3877Investor
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