01/08/25: Changing of the guard at Ulta

Ulta Beauty has tapped COO Kecia Steelman to take over as chief executive. Crain's retail reporter Ally Marotti talks with host Amy Guth about the next chapter for the Bolingbrook-based chain. Plus: Hemp regulation bill dies in Springfield, dealing a political blow to Gov. Pritzker; McDonald's retires some diversity goals in latest corporate DEI retreat; Illinois task force recommends tornado shelters in warehouses following deadly storm; social media startup for influencers and brands sells for $250 million and investment firm leaving LaSalle Street for Wacker Drive.