OLAPLEX to Launch Retail Products at Ulta Beauty Stores and Online SANTA BARBARA, Calif., Nov. 29, 2021 (GLOBE NEWSWIRE) — Olaplex Holdings, Inc. (NASDAQ: OLPX) (“OLAPLEX” or the “Company”), an progressive, science-enabled, technology-driven magnificence firm targeted on delivering patent-protected premium hair care merchandise to skilled hair salons, retailers, and on a regular basis customers, as we speak introduced the growth of its distribution with Ulta Beauty. Building on OLAPLEX’s success with its latest launch {of professional} hair merchandise in Ulta Beauty salons, the Company’s retail merchandise will likely be out there at every of the main magnificence retailers’ greater than 1,250 shops and on ulta.com starting January 2022. “We are thrilled to broaden our profitable salon partnership with the introduction of our progressive, bond-building status haircare retail product providing at Ulta Beauty,” stated JuE Wong, OLAPLEX president and chief govt officer. “Guests visiting Ulta Beauty salons have skilled the advantages of OLAPLEX. And, as we launch in January, they may discover our merchandise for buy at the entrance of the retailer permitting them to obtain their hair targets with every residence use. This growth compliments our present specialty retail presence, additional advancing our positioning as a pacesetter in haircare. We imagine this represents one other indication of the robust momentum we have now as we enter 2022.” “We are thrilled to lengthen our partnership and introduce much more company to OLAPLEX with this thrilling announcement,” says Monica Arnaudo, chief merchandising officer, Ulta Beauty. “Staying shut to our visitor is paramount and we’ve heard their need for extra OLAPLEX merchandise. The model has already had a tremendously optimistic impression in our salon choices, and we can’t wait to see that keenness develop as we launch the merchandise inside our assortment in each Ulta Beauty retailer throughout the nation and on-line.” The Company famous that the growth of its retail merchandise into Ulta Beauty was already mirrored in the beforehand disclosed fiscal 2021 steering supplied on November 10, 2021. About OLAPLEX OLAPLEX is an progressive, science-enabled, technology-driven magnificence firm with a mission to enhance the hair well being of its customers. A revolutionary model, OLAPLEX paved the method for a brand new class of hair care referred to as “bond-building,” the strategy of defending, strengthening and rebuilding damaged bonds in the hair throughout and after hair companies. The model’s merchandise have an lively, patent-protected ingredient that works on a molecular stage to shield and restore hair from harm. OLAPLEX’s award-winning merchandise are offered via a world omni-channel platform serving the skilled, specialty retail, and direct-to-consumer channels. Cautionary Note Regarding Forward-Looking Statements This press launch consists of forward-looking statements and info relating to the Company which are based mostly on the beliefs of administration in addition to assumptions made by, and info at the moment out there to, the Company. These forward-looking statements typically may be recognized by the use of phrases reminiscent of “could,” “will,” “may,” “ought to,” “intend,” “potential,” “proceed,” “anticipate,” “imagine,” “estimate,” “anticipate,” “plan,” “goal,” “predict,” “venture,” “search” and related expressions as they relate to us. These forward-looking statements tackle numerous issues together with: the timing and availability of the Company’s merchandise in Ulta Beauty retail areas and the Company’s monetary place and working outcomes. These statements replicate administration’s present views with respect to future occasions, usually are not ensures of future efficiency and contain dangers and uncertainties which are troublesome to predict. Each forward-looking assertion contained in this press launch is topic to dangers and uncertainties that might trigger precise outcomes to differ materially from these expressed or implied by such assertion. Applicable dangers and uncertainties embrace, amongst others: the Company’s potential to execute on its development methods and growth alternatives; elevated competitors inflicting the Company to scale back the costs of its merchandise or to enhance considerably its advertising and marketing efforts in order to keep away from shedding market share; the Company’s current and any future indebtedness, together with the Company’s potential to adjust to affirmative and damaging covenants beneath its credit score settlement to which it’ll stay topic to till maturity, and the Company’s potential to acquire extra financing on favorable phrases or in any respect; the Company’s dependence on a restricted variety of prospects for a good portion of its web gross sales; the Company’s potential to successfully market and keep a optimistic model picture; adjustments in shopper preferences or adjustments in demand for haircare merchandise or different merchandise the Company could develop; the Company’s potential to precisely forecast shopper demand for its merchandise; the Company’s potential to keep favorable relationships with suppliers and handle our provide chain, together with acquiring and sustaining transport distribution and uncooked supplies at favorable pricing; the Company’s relationships with and the efficiency of distributors and retailers who promote its merchandise to haircare professionals and different prospects; impacts on the Company’s enterprise from due to the sensitivity of its enterprise to unfavorable financial and enterprise situations; the Company’s potential to develop, manufacture and successfully and profitably market and promote future merchandise; failure of markets to settle for new product introductions; the Company’s potential to appeal to and retain senior administration and different certified personnel; regulatory adjustments and developments affecting the Company’s present and future merchandise; the Company’s potential to service its current indebtedness and acquire extra capital to finance operations and its development alternatives; impacts on the Company’s enterprise from political, regulatory, financial, commerce, and different dangers related to working internationally together with volatility in foreign money change charges, and imposition of tariffs; the Company’s potential to set up and keep mental property safety for its merchandise, in addition to the Company’s potential to function its enterprise with out infringing, misappropriating or in any other case violating the mental property rights of others; the impression of fabric value and different inflation and our potential to move on such will increase to prospects; the impression of adjustments in legal guidelines, laws and administrative coverage, together with people who restrict U.S. tax advantages or impression commerce agreements and tariffs; the end result of litigation and governmental proceedings; impacts on the Company’s enterprise from the COVID-19 pandemic; and the different dangers recognized beneath the heading “Risk Factors” in the ultimate prospectus dated September 29, 2021 associated to the IPO, filed with the Securities and Exchange Commission (the “SEC”) on October 1, 2021, in addition to the different info we file with the SEC. The Company cautions buyers not to place appreciable reliance on the forward-looking statements contained in this press launch. You are inspired to learn the Company’s filings with the SEC, out there at www.sec.gov, for a dialogue of those and different dangers and uncertainties. The forward-looking statements in this press launch converse solely as of the date hereof, and the Company undertakes no obligation to replace or revise any of those statements. The Company’s enterprise is topic to substantial dangers and uncertainties, together with these referenced above. Investors, potential buyers, and others ought to give cautious consideration to these dangers and uncertainties. CONTACTS: For Investors: ICR, Inc.Allison Malkin/Annie [email protected] For Media:Ty [email protected]
https://www.globenewswire.com/news-release/2021/11/29/2341977/0/en/OLAPLEX-and-Ulta-Beauty-Expand-Beyond-the-Salon-to-Ring-in-the-New-Year.html
