Sally Beauty Supply and CosmoProf in Search of Women Beauty Entrepreneurs for Business Accelerator Program

Rhea-AI Summary

Sally Beauty Supply and CosmoProf announced the launch of the second edition of the Cultivate program, aimed at supporting female beauty entrepreneurs. Starting from August 17 to September 7, 2020, the program will accept entries from women-owned hair care, hair color, and nail brands. The top four brands will receive a business grant, online distribution, and training in areas such as marketing and ecommerce. The initiative highlights Sally Beauty's commitment to lifting female-owned brands, following the success of past participants like Curlanista and PuffCuff.

Positive

• Cultivate program supports female entrepreneurs, enhancing brand diversity.
• Successful past participants indicate strong program effectiveness.
• Top brands receive business grants and training resources.

Negative

• None.

DENTON, Texas, Aug. 17, 2020 /PRNewswire/ -- Sally Beauty Supply and CosmoProf announced today the second edition of Cultivate, an accelerator program to help women beauty entrepreneurs grow their business. With an established track record of supporting emerging products and entrepreneurs before they were household names, the brands are actively looking for innovative products that will address the needs of their customers. 

"We are excited to launch the second iteration of the Cultivate program, especially now when consumers are experimenting with DIY beauty and looking for the latest in beauty innovation," said Chris Brickman, President and Chief Executive Officer.

Starting today, Sally Beauty Supply and CosmoProf will begin accepting entries from female-owned hair care, hair color and nail brands who are looking to expand their business. These categories have become particularly important to beauty consumers as they look to recreate trends at home.

The top four brands, also known as the Cultivate Cohort, will receive online distribution, a business grant and a 4-week virtual boot camp focusing on key areas such as merchandising, social media, marketing, ecommerce, store operations and entrepreneurship. Then, at the Perfect Pitch Capstone event, each cohort will present their brand to senior-level Sally Beauty Supply and CosmoProf leaders. One company will receive in-store distribution through Sally Beauty and CosmoProf stores based on ratings from the Perfect Pitch presentation and online voting.

"We continue to be inspired by the terrific female entrepreneurs we work with and are committed to bringing the best of the best to our consumers while lifting up more female-owned brands," said Aaron Alt, President of Sally Beauty Supply and Chief Financial Officer.

In the first ever iteration of the Cultivate program in 2018, Curlanista received the top honor and is now available online at sallybeauty.com and in select stores. The hair care brand was founded by mother-daughter duo Lexi and Monica Proctor, in an effort to care for Lexi's natural born curls. In addition, Ceata Lash of PuffCuff received the President's Innovation Award as part of the inaugural Cultivate Program and was awarded with online and select in-store distribution.

Sally Beauty Supply and CosmoProf strive to maintain industry leadership when it comes to carrying female-owned brands. The company's distribution support has helped these businesses grow into some of the most well-known and loved brands sold on the market. Now, Sally Beauty Supply and CosmoProf are looking for the newest hair or nail brand founded by a woman with the second annual Cultivate program. If you think you have the next innovative brand, you can visit www.sallybeauty.com/cultivate or Cosmoprofbeauty.com/cultivate to enter between Aug. 17 and Sept. 7, 2020.

About Sally Beauty Holdings, Inc.

Sally Beauty Holdings, Inc. (NYSE: SBH) is an international specialty retailer and distributor of professional beauty supplies with revenues of approximately $3.9 billion annually. Through the Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes through 5,062 stores, including 158 franchised units, and has operations throughout the United States, Puerto Rico, Canada, Mexico, Chile, Peru, the United Kingdom, Ireland, Belgium, France, the Netherlands, Spain and Germany. Sally Beauty Supply stores offer up to 8,000 products for hair color, hair care, skin care, and nails through proprietary brands such as Ion®, Generic Value Products®, Beyond the Zone® and Silk Elements® as well as professional lines such as Wella®, Clairol®, OPI®, Conair® and Hot Shot Tools®. Beauty Systems Group stores, branded as CosmoProf or Armstrong McCall stores, along with its outside sales consultants, sell up to 10,500 professionally branded products including Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and CHI®, intended for use in salons and for resale by salons to retail consumers. For more information about Sally Beauty Holdings, Inc., please visit sallybeautyholdings.com.

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/sally-beauty-supply-and-cosmoprof-in-search-of-women-beauty-entrepreneurs-for-business-accelerator-program-301112884.html

SOURCE Sally Beauty Holdings, Inc.

FAQ

What is the Cultivate program by Sally Beauty Supply and CosmoProf?

The Cultivate program is an accelerator initiative aimed at helping female beauty entrepreneurs grow their businesses.

When can applicants submit their entries for the Cultivate program?

Entries for the Cultivate program can be submitted between August 17 and September 7, 2020.

What benefits do participants receive in the Cultivate program?

Participants receive a business grant, online distribution opportunities, and a virtual boot camp focused on key business areas.

Who were the winners of the first Cultivate program?

The winners included Curlanista, which now has products available at Sally Beauty, and Ceata Lash of PuffCuff, who received the President's Innovation Award.

What categories are eligible for the Cultivate program?

The eligible categories for the program include hair care, hair color, and nail brands owned by women.