L’Oreal acquires Columbia Beauty Supply
This article was originally published in The Rose Sheet
Executive Summary
French beauty firm acquires Columbia Beauty Supply, a distributor of professional beauty products to four states in the Southeastern U.S. CBS supplies hair salons through sales consultants and outlets for professionals; the company booked sales of $60 mil. in 2007. The acquisition comes on the heels of L'Oreal's purchase of distributors Beauty Alliance in April 2007 and Maly's West in July 2007. The newly-acquired distributorship will operate within L'Oreal's professional products division and will be managed by Beauty Alliance. "The acquisition demonstrates L'Oreal's determination to offer a better service to U.S. hair salons," firm says...