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L’Oreal’s SalonCentric to acquire Concept JP
SalonCentric Canada, a subsidiary of L'Oréal Canada, has signed a definitive agreement to acquire the operations of Concept JP in Canada. The deal includes the distribution of the K18 brand in the Quebec market, operated by a separate distributor under the tradename K18HairQuebec. The post L’Oreal’s SalonCentric to acquire Concept JP appeared first on Global Cosmetics News.
THE WHAT? SalonCentric Canada, a subsidiary of L’Oréal Canada, has signed a definitive agreement to acquire the operations of Concept JP in Canada. The deal includes the distribution of the K18 brand in the Quebec market, operated by a separate distributor under the tradename K18HairQuebec.
THE DETAILS Concept JP has 11 professional-only stores in the region, helping L’Oreal Canada expand its professional salon distribution operation into Quebec. Financial terms of the deal were not disclosed.
THE WHY? An Verhulst-Santos, President and CEO of L’Oréal Canada, explains, “The expansion of SalonCentric Canada in Quebec demonstrates our dedication to providing access to stylists nationwide to a premier destination with an unparalleled selection of products and exceptional service.”
The post L’Oreal’s SalonCentric to acquire Concept JP appeared first on Global Cosmetics News.
