Who is the owner of Sally Beauty Supply? This question often comes up among consumers and industry experts alike. Sally Beauty Supply, a leading retailer of beauty products, has a rich history and has been a household name in the beauty industry for decades. Understanding the current ownership of this company can provide insights into its future direction and strategies.
Sally Beauty Supply was founded in 1964 by Sally and Chuck Rajan. The couple started the business with a single store in Dallas, Texas, and gradually expanded their operations across the United States. Today, Sally Beauty Supply operates over 2,800 stores and has become a major player in the beauty retail market. Over the years, the company has faced various challenges and opportunities, but it has managed to maintain its position as a leading beauty retailer.
In 2006, Sally Beauty Supply was acquired by KKR & Co., a global investment firm, and Kohlberg Kravis Roberts & Co. L.P., a private equity firm. This acquisition marked a significant turning point for the company, as it provided the financial backing needed to expand its operations and invest in new technologies. The new owners aimed to revitalize the brand and enhance its competitive edge in the market.
Under the ownership of KKR & Co. and Kohlberg Kravis Roberts & Co. L.P., Sally Beauty Supply experienced significant growth. The company expanded its international presence, entering new markets such as Mexico and the United Kingdom. Additionally, it invested in e-commerce, online sales, and mobile applications to cater to the evolving needs of its customers.
In 2017, Sally Beauty Supply was acquired by a consortium of investors, including Apollo Global Management and CVC Capital Partners. This new ownership group aimed to continue the company’s growth trajectory while also focusing on enhancing the customer experience. The acquisition was valued at approximately $15.5 billion, making it one of the largest leveraged buyouts in the retail industry.
As the owner of Sally Beauty Supply, the consortium of Apollo Global Management and CVC Capital Partners has been instrumental in shaping the company’s future. They have continued to invest in the brand, focusing on store expansion, e-commerce, and customer loyalty programs. The company has also been actively involved in corporate social responsibility initiatives, such as supporting local communities and promoting diversity and inclusion in the workplace.
In conclusion, the owner of Sally Beauty Supply is a consortium of investors, including Apollo Global Management and CVC Capital Partners. This ownership group has played a crucial role in the company’s growth and success, enabling it to maintain its position as a leading beauty retailer. As the industry continues to evolve, the future of Sally Beauty Supply remains bright, with the support of its dedicated owners and employees.
