Shares of Ulta Salon are tumbling after the company issued a disappointing earnings forecast for the current quarter. The stock lost as much as 14 percent of its value this morning, falling to its lowest level in more than a year.
In a one-on-one interview with DailyFinance, Paul Mitchell CEO John Paul DeJoria discusses the hair-care industry, his philanthropy efforts and why the company won't go public. "If Paul Mitchell went open market, I'd double my business overnight. But I always said that if we were lucky enough to make it, we'll be the only ones that never sold you out."