Sally Beauty asserts independence
This article was originally published in The Rose Sheet
Executive Summary
Firm's $59 mil. acquisition of Chapelton 21 Limited - a privately held, Scotland-based company that conducts business primary through subsidiary "Salon Services" - includes over 80 stores in the UK, Ireland, Germany and Spain and over 9,000 products, according to Feb. 12 release announcing the deal's closure. Salon Services booked sales of approximately $105.5 mil. for fiscal year 2006 (ended Sept. 30). This was Sally Beauty Holdings' "first major acquisition as an independent public company" since its separation from Alberto-Culver in November, President and CEO Gary Winterhalter notes (1"The Rose Sheet" Nov. 27, 2006, In Brief)...