Breaking News

Alberto Culver

February 14, 2006

Alberto-Culver Company, Melrose Park, IL, announced its plans to combine its Sally Beauty stores and Beauty Systems Group with Minneapolis-based Regis, which operates almost 11,000 beauty salons. Shareholders of Alberto-Culver will own a majority of the new company under the Regis name, as well as receive 0.6 Regis shares for each Alberto-Culver share. In addition to their new Regis shares, Alberto Culver shareholders will collect a one-time dividend of $3 a share. The dividend will be funded through $400 million of debt that will be transferred to Regis when the deal closes. The companies said that the deal will allow Alberto-Culver to focus more on its well-known consumer brand and enable Regis to sell beauty products carried in Sally stores to salon patrons. Once the agreement is complete, the combined firm’s board will comprise four representatives of Regis, four of Alberto Culver and two independent directors. Regis chief executive officer Paul Finkelstein will remain its chief executive officer. Howard Bernick will resign as president and chief executive officer of Alberto-Culver and become non-executive chairman of Regis, while Sally Beauty president Gary Winterhalter will assume that post at Regis.
blog comments powered by Disqus
  • Kitchen Counter Cosmetics

    Kitchen Counter Cosmetics

    Christine Esposito, Associate Editor||May 2, 2016
    LOLI box marks the convergence of natural and organic ingredients, subscription service and DIY cosmetic chemistry.

  • What’s New at La Prairie?

    What’s New at La Prairie?

    Melissa Meisel, Associate Editor||April 25, 2016
    VP of marketing shares the latest buzz with Happi.

  • Mapping Out Multicultural Beauty

    Mapping Out Multicultural Beauty

    April 25, 2016
    Agnieszka Saintemarie of Kline Group about current trends and challenges in multicultural beauty.

  • Erasing the Signs of Aging

    Pauline Rouaud-Tinguely, David Boudier, Sylvain Mazalrey, Jenny Laumonier, Isabelle Cruz, Gu00e9raldine Bon, Karine Perrinet, Bu00e9ranger Tassy, Brigitte Closs, Silab R&D, Saint-Viance, France||May 2, 2016
    Silab researchers explain how by acting on the endogenous hyaluronic acid pathway.

  • I Want It All

    I Want It All

    Melissa Meisel , Associate Editor||May 2, 2016
    Skin care moves beyond the basics with pampering formulations with unique components and novel functions.

  • Wacker Builds on Its Success

    Wacker Builds on Its Success

    Tom Branna, Editorial Director ||May 2, 2016
    The silicone maker had a good 2015 and expects the gains to continue in 2016, driven, in part, by success in the Americas and