02.13.18
A class action lawsuit filed last month against Ulta Beauty Inc. has caused the company’s stock to drop. Shares were down 4.3% in Monday trading.
In the suit filed in a Chicago federal court, Kimberley Laura Smith-Brown, a California woman, alleges that the fast-growing beauty retail chain has been selling used makeup by repackaging returned beauty products and placing them on the shelf with new products.
The situation was first brought to light in January when former employees were posting on social media.
In the suit filed in a Chicago federal court, Kimberley Laura Smith-Brown, a California woman, alleges that the fast-growing beauty retail chain has been selling used makeup by repackaging returned beauty products and placing them on the shelf with new products.
The situation was first brought to light in January when former employees were posting on social media.