Ulta Beauty Partners Alshaya Group for Middle East Expansion

02/03/25, 6:07 AM

Location

bolingbrook

Industry

retail

Type

partnership

Ulta Beauty has announced a strategic partnership with Alshaya Group, a leading retail operator in the Middle East, to launch its first stores in the region by late 2025. Through a franchise agreement, Ulta Beauty will enter the Middle Eastern market with the support of Alshaya Group, leveraging the region's strong demand for prestige and mass-market beauty products.

Company Info

Company

Ulta Beauty

Location

bolingbrook, illinois, united states

Additional Info

At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest specialty U.S. beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. In 1990, the company reinvented the beauty retail experience by offering a new way to shop for beauty – bringing together All Things Beauty. All in One Place®. Today, Ulta Beauty operates more than 1,437 retail stores across 50 states and also distributes its products through its website, which includes a collection of tips, tutorials, and social content.

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retail	$474.8 M	-82.6%