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Alberto-Culver

This article was originally published in The Rose Sheet

Executive Summary

Sally Beauty acquiring $65 mil-$70 mil. business operation for $35 mil, a deal expected to close within two to four weeks, CEO Howard Bernick announces April 27. The purchase, in addition to a smaller deal set to close within 60-90 days, will put Sally Beauty at the $400 mil. annual sales mark. Sally Beauty sales and profits were up 15% for the fiscal second quarter (ended March 31). Alberto-Culver North America sales were up 16% and earnings rose 6%. Net sales increased 13.6% to $553.8 mil., and earnings climbed 13.5% to $22.8 mil
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