Fantastic Sams Acquired by DESSANGE International
"Joining DESSANGE International—with whom we have been discussing joint development opportunities over the past several years—will greatly help us accelerate our growth in North America,” said Scott Colabuono, president and CEO of Fantastic Sams Hair Salons. “Our goal is to have more than 2,000 Fantastic Sams and 300 Camille ALBANE salons."
The company-operated and franchise network, which consists of more than 1,200 salons in 46 states and more than 13,000 salon employees in North America, opened its first salon in Memphis, Tennessee, in 1974. It began franchising salons in 1976. It prides itself in its reputation for offering quality service and style at affordable prices for the entire family.
Beauty network DESSANGE International, which is positioned in the luxury market, owns and operates salons and beauty institutes in more than 45 countries with more than 6,000 employees. The acquisition of Fantastic Sams doubles its hair salon network to exceed 2,000 salons, of which 1,500 are located outside of France.
DESSANGE International's acquisition of Fantastic Sams Hair Salons is part of its expansion into the United States and follows the acquisition of the DESSANGE Paris North American master franchise in April 2011. It will rely on Fantastic Sams' strong management team and best practices to accelerate the growth of the existing franchise, as well as to introduce and develop the company's Camille ALBANE brand in North America.
"We are delighted to welcome the Fantastic Sams team to the DESSANGE group, and are excited about the significant growth opportunities that this will create,” said Benjamin Dessange, chairman and CEO of DESSANGE International. “This acquisition, once again, confirms our pioneering leadership position in the international development of the hair salon franchise market."