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L’Oreal to Purchase Icon Salon Systems
L’Oreal Canada has agreed to purchase beauty products distributor Salon Systems.
Montreal-based L’Oreal Canada is making the acquisition through its wholly owned subsidiary SalonCentric Canada.
Vancouver-based Icon has seven professional-only stores in B.C.. With the deal, SalonCentric expanded into B.C.
St. Petersburg, Fla.-based SalonCentric has 650 corporate and franchise stores under its brand, along with 180 State RDA stores.
L’Oreal, also through SalonCentric Canada, recently agreed to purchase all of Toronto-based distributor Alternative Beauty Services’ Canadian assets through SalonCentric. Alternative Beauty has eight professional-only stores in Ontario.
The deal marked SalonCentric’s expansion into Ontario.
- ◦Lease
- ◦Sale/Acquisition
- ◦Development
