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Sally Beauty changes distribution rights

21 Dec '06
2 min read

Sally Beauty Holdings Inc furnished a Form 8-K with Item 7.01 Regulation FD Disclosure regarding a change in distribution rights between the Company's subsidiary, Beauty Systems Group LLC, and L'Oreal USA Professional Products Division.

Excerpts from Item 7.01 Regulation FD Disclosure and Exhibit 99.1 Investor Q&A of the Form 8-K furnished to the Securities and Exchange Commission today are included below.

Item 7.01 Regulation FD Disclosure:
On December 19, 2006, Sally Beauty Holdings Inc announced that (1) its Beauty Systems Group LLC subsidiary, other than its Armstrong-McCall division (BSG), will not retain its rights to distribute the professional products of the Professional Products Division of L'Oreal USA S/D Inc.

(L'Oreal) through its distributor sales consultants (effective January 30, 2007, with exclusivity ending December 31, 2006) or in its stores on an exclusive basis (effective January 1, 2007) in those geographic areas within the U.S. in which BSG currently has distribution rights, and

(2) BSG's Armstrong McCall division will not retain the rights to distribute Redken professional products through distributor sales consultants or its stores. In replacement of these rights, BSG entered into long-term agreements with L'Oreal under which, as of January 1, 2007, BSG will have non-exclusive rights to distribute the same L'Oreal professional products in its stores that it previously had exclusive rights to in its stores andthrough its sales consultants. Armstrong McCall will retain its exclusive rights to distribute Matrix products in its territories.

Sally Beauty Holdings Inc is an international specialty retailer and distributor of professional beauty supplies with revenues of more than $2 billion annually. Through the Sally Beauty Supply and Beauty Systems Group businesses, the company sells and distributes through over 3,100 stores, including approximately 170 franchised units.

Sally Beauty Holdings Inc

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