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Modern Beauty is a 2025 winner of Canada's Best Managed Companies Gold Standard

Best Managed Companies

CALGARY, May 7 - Modern Beauty is a 2025 winner of Canada's Best Managed Companies Gold Standard. As a family owned and operated company since 1986, Modern Beauty is proud to be among the best-in-class of Canadian companies! The program is the pre-eminent mark of business excellence and a source of genuine pride for Canadian owned and managed businesses.

With 39 years of experience, Modern Beauty is the largest Canadian, family-owned company in the beauty industry. Our team consists of 79% women, and we are deeply committed to inclusion and diversity. We take pride in being an industry leader, offering the most well-known and innovative product lines, while prioritizing education to inspire our clients and help them grow their businesses.

At Modern Beauty, we constantly seek new ways to integrate the latest technologies into our work environment, ensuring a seamless experience for our loyal clients. Our business strategy is focused on adapting to the ever-changing market, which is key to our ongoing success.

Giving back to our community is a core value at Modern. In 2013, we launched the “Beauty of Giving” program in memory of Byron Thompson, a beloved member of our team who passed away from ALS. Through this initiative, we collaborate with one of our brands to feature a product, with 100% of the proceeds supporting a chosen charity. To date, we have raised over $850,000 for various Canadian charities, including ALS Canada, Breakfast Club of Canada, and the Canadian Mental Health Association.

Now in its 30th year, the Canada’s Best Managed Companies program recognizes excellence in private, Canadian-owned businesses. Companies are evaluated on leadership, strategy, culture, commitment, capabilities, and innovation.

Our customers are the heart of our business, and we want to express our heartfelt thanks for your continued support and loyalty throughout the years.

 
CALGARY, May 7 - Modern Beauty is a 2025 winner of Canada's Best Managed Companies Gold Standard. As a family owned and operated company since 1986, Modern Beauty is proud to be among the best-in-class of Canadian companies! The program is the pre-eminent mark of business excellence and a source of genuine pride for Canadian owned and managed businesses.

Modern Beauty announces acquisition of ESP Salon Sales

Best Managed Companies

CALGARY, April 1, 2025 - Modern Beauty Supplies is proud to announce the acquisition of ESP Salon Sales, a respected distributor in the professional beauty industry. This strategic acquisition strengthens Modern Beauty’s commitment to supporting salon professionals across Canada with unparalleled service, selection, and expertise.employees. In 2020, Modern Beauty was named one of Canada’s Best Managed Companies and become a Gold Standard winner last year.

Modern Beauty is a Canadian, family owned and operated business that has passionately served the professional beauty industry since 1986. With 55 store locations across the country and a dedicated team of over 500 employees, Modern has become a trusted partner for salons coast to coast. In 2020, Modern was recognized as one of Canada’s Best Managed Companies, earning the Gold Standard status in 2024.

“For years, ESP Salon Sales has been a trusted partner to the salon community. We are honored to build upon that legacy,” said Amer Jomaa CEO at Modern Beauty. “Our combined strengths will allow us to offer more brands, more resources and even better service to help our customers grow and thrive.”

Clients of ESP Salon Sales can expect a seamless transition with enhanced product offerings, expanded educational opportunities, and continued commitment to personalized service. Modern Beauty looks forward to welcoming ESP’s customers into its growing family and supporting their success in the evolving beauty landscape.

Modern Beauty announces acquisition of Venus Beauty

Best Managed Companies

CALGARY, July 4, 2022 - Modern Beauty is thrilled to announce the acquisition of Venus Beauty Supplies. Based in Calgary, Modern Beauty currently has 34 store locations across Western Canada, and a sales team of 70+ Business Advisors who service clients all across Canada. With the acquisition of Venus, Modern Beauty will now have 39 stores and 90+ Business Advisors to actively service Western Canada and Ontario.

“Over the years, we have developed a strong relationship with the Riverso family at Venus Beauty. We look forward to seeing what we can accomplish together. Our priority is and always will be putting our clients first so they can focus on what they love and do best!– Mike Jomaa

Venus Beauty will continue to operate as usual with the support of Vince Riverso, Greg Riverso and Mara Federici as well as the same management, Business Advisors and staff. The team at Modern Beauty will work closely with Venus Beauty and their team to support our clients.

With 80+ years of combined knowledge and industry experience, both the Jomaa and Riverso families are extremely excited about the future and the opportunity for growth that this acquisition will bring to both the Modern Beauty name and the Ontario market. We look forward to fortifying the strong existing relationships with all our valued customers and manufacturer partners as well as fostering new ones. We will continue to strive to be the leader in the beauty industry and look forward to your loyal and constant support.

Modern Beauty named one of Canada’s Best Managed Companies

Best Managed Companies

CALGARY, June 13 - Modern Beauty was recognized for its industry-leading performance, its global business practices, and its sustained growth by receiving the Gold Standard winner in 2024. Celebrating over 30 years, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies. To attain the designation, companies are evaluated on their leadership in the areas of strategy, culture and commitment, capabilities, and innovation, governance and financial performance.

Modern is the largest privately-owned company in the Canadian beauty industry. Our family-owned business of 38 years has built a team with an integral network of 79% women, while also committing to the principles of inclusion and diversity.

At Modern, we pride ourselves on being a leader in the industry by offering the most recognized and innovative product lines, while focusing on the importance of education to inspire our clients and grow their businesses. We are constantly finding new ways to incorporate the latest technology into our work environment with a focus on providing a seamless experience for our loyal clients. Our business strategy at Modern Beauty is to embrace the ever-changing market and look for ways to stay ahead. By doing so, we are able to adapt to these changes, which is fundamental to our business’s success. 

Modern is committed to giving back to our community. In 2013, the “Beauty of Giving'' was founded in honour of Byron Thompson, a beloved member of the Modern Family who passed away from ALS. Through this program, we partner with one of our brands to feature a product where 100% of the proceeds go to a chosen charity. To date, we have raised over $750,000 for many Canadian charities, including ALS Canada, Breakfast Club of Canada, and the Canadian Mental Health Association. 

Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing innovative and world‑class businesses. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent evaluation process. Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests.

Exploring new avenues for the advancement of tomorrow, this year’s Best Managed winners displayed courage, resourcefulness, and creativity,” said Derrick Dempster, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies Program. “We’re extremely proud to highlight the impressive achievements of companies such as Modern Beauty in a rapidly evolving business world. Their exceptional accomplishments leave you feeling inspired, celebrated, and connected."

The 2024 cohort of Best Managed companies share common themes such as having a people-centric culture and accelerating operational digitization.

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