Beauty retailer preps to launch new holding company

Ulta Beauty is launching a new holding company.



On Sunday, Jan. 29, the beginning of the company’s new fiscal year, the retailer will form a new holding company, Ulta Beauty Inc. “Business operations will not change, and the primary purpose of the reorganization is to create a more efficient corporate structure,” the company said.



All outstanding shares of common stock will automatically convert, and the stock will continue to trade under the "ULTA" ticker.



Ulta shares were down 0.2% in premarket trading, but up 56.6% for the past year. The stock was also up 22% for the last 12 months on the S&P 500.