Sally Beauty Supply has had a bad year
Would you believe Sally’s been kicked out of the house.
Boy this saga never seems to end.
For regular readers of this space you’ve probably “It almost is starting to read like a soap opera”followed the story of one of my favorite sources for hair care supplies. Sally Beauty is a fine company and doesn’t deserve abuse that it has taken at the hands of its founder, parent company and other vultures who only seem to be in the picture to strip her of any assets or management.
It all started in January with my article Regis and Sally Beauty Supply, in which the whole mess got started with proposed marriage between Sally and Regis. Then in April Sally gave back the ring, Sally Beauty Supply - Regis deal is off. When everybody found out that Regis didn’t have as fat a wallet as they thought. Then in another April story, Sally Beauty Supply, nobody wants her Sally’s parents announced they were hunting for a new beau for Sally. Finding nobody, now Sally’s parents are kicking her out?
It almost is starting to read like a soap opera . . .
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Sally Beauty Co. is being spun off by personal care and consumer products company Alberto-Culver Co. in a $3 billion transaction. Under the deal, Denton-based Sally Beauty will become a publicly traded company listed on the New York Stock Exchange. |
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Read the entire article Alberto-Culver to spin off Sally Beauty
Stay tuned for the next exciting adventure of Poor Sally!
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