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L'Oreal Canada has agreed to purchase beauty products distributor Salon Systems.

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.


Inside The Story

Salon Centric Canada

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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