Ulta Beauty, Inc. will pursue its first international market expansion in 2025 in Mexico – a country “tailor-made” for the beauty retailer – through a joint venture with Grupo Axo, CEO David Kimbell announced in a 14 March fiscal 2023 fourth-quarter earnings presentation.
Ulta’s Footprint Will Grow From US To Mexico In 2025 Under Axo Partnership
Bolingbrook, Ill.-based Ulta Beauty, Inc. will make its international debut in Mexico, a "sizable, growing” market that represents "significant beauty opportunity," says CEO David Kimbell in the firm’s a fiscal 2023 fourth-quarter earnings presentation.
