Ulta Beauty operates as an independent, publicly traded corporation listed on the NASDAQ exchange under the ticker symbol ULTA, meaning it is owned by its diverse public shareholders rather than a single parent enterprise. Conversely, Sephora is entirely owned by LVMH Moët Hennessy Louis Vuitton, the world's leading French multinational luxury goods conglomerate, which integrated the renowned beauty retail chain into its massive selective retailing portfolio.