01.27.17
Ulta Beauty will implement aholding company reorganization on January 29, 2017, the beginning of the company’s new fiscal year. The primary purpose of the reorganization is to create a more efficient corporate structure, according to the fast growing beauty retailer. Business operations for the company will not change as a result of the reorganization.
Ulta Beauty, Inc. will replace Ulta Salon, Cosmetics & Fragrance, Inc. as the publicly-traded entity. All outstanding shares of common stock of Ulta Salon, Cosmetics & Fragrance, Inc. will automatically convert into the same number of shares of common stock of Ulta Beauty, Inc. with all of the same rights, powers and preferences, and qualifications, limitations and restrictions. The common stock of the company will continue to trade on The NASDAQ Global Select Market under the symbol “ULTA.”
As of January 27, 2017, Ulta Beauty operates 974 retail stores across 48 states and the District of Columbia and also distributes its products through its website.
Ulta Beauty, Inc. will replace Ulta Salon, Cosmetics & Fragrance, Inc. as the publicly-traded entity. All outstanding shares of common stock of Ulta Salon, Cosmetics & Fragrance, Inc. will automatically convert into the same number of shares of common stock of Ulta Beauty, Inc. with all of the same rights, powers and preferences, and qualifications, limitations and restrictions. The common stock of the company will continue to trade on The NASDAQ Global Select Market under the symbol “ULTA.”
As of January 27, 2017, Ulta Beauty operates 974 retail stores across 48 states and the District of Columbia and also distributes its products through its website.