Ulta Beauty Inc (NASDAQ:ULTA) announced that it it is entering the UK beauty retail market through its acquisition of Space NK from the private equity firm Manzanita Capital. The financial terms of the acquisition were not disclosed, but media reports estimate the purchase price exceeds £300 million (US$408 million).
U.S. cosmetics retailer Ulta Beauty is on the verge of a deal to buy British high street chain Space NK, Sky News reported on Thursday, citing a source.
Over recent months, cosmetics chain Ulta Beauty Inc. has faced competition from retail giants like Amazon.com Inc., Walmart Inc. and Target Corp., and some analysts on Wall Street have said its shelf selection leaned too heavily on older brands.
Specialty Retail Industry | Consumer Cyclical Sector | Kecia L. Steelman CEO | NASDAQ (NGS) Exchange | 90384S303 Cusip |
US Country | 20,000 Employees | 16 Mar 2012 Last Dividend | - Last Split | 25 Oct 2007 IPO Date |
Ulta Beauty, Inc. is a recognized leader in the beauty industry, with a business model that revolves around operating specialty retail stores across the United States. Founded in 1990 and headquartered in Bolingbrook, Illinois, Ulta Beauty has carved a niche for itself by offering a wide array of cosmetics, fragrances, haircare, and skincare products. This extensive product range is complemented by related accessories and a variety of salon services, making it a one-stop shop for beauty enthusiasts. By distributing its products through an integrated network of stores, its website, and mobile applications, Ulta Beauty ensures a seamless shopping experience for its customers. Its commitment to providing both branded and private label beauty products underlines the company's dedication to quality and diversity in the beauty retail sector.