| Founded | 1974 (age 52) West Springfield, Virginia, U.S. |
|---|---|
| Founder | Dennis Ratner |
| Location | McLean, Virginia, U.S. |
| Key people | Eric Bakken (CEO) |
| Industry | Hair salon |
| Revenue | US$440 million (2019)[1] |
| Parent | Hair Cuttery Family of Brands |
| Num locations | 500 |
| Website | www.haircuttery.com |
Hair Cuttery is an American unisex hair salon chain and the largest privately held hairdressing chain in the United States.[2][3]
History
Hair Cuttery was founded by Dennis Ratner in 1974, when the first salon was opened in West Springfield, Virginia.[4][5] Since the 1970s, the company expanded to become the largest privately held salon chain in the United States.[6]
As of 2021, it has more than 500 salons along the East Coast and the Midwest.[7]
Acquisition
In April 2020, the chain was acquired by debtor in possession Hair Cuttery Salon Holdings Inc, an affiliate of Tacit Salon Holdings LLC, led by CEO Seth Gittlitz.
Hair Cuttery Salon Holdings also financed the chain's operating expenses and restored employee pay for the period preceding the acquisition, when the chain's operations were suspended due to the COVID-19 pandemic.[8][9][10]
Hair Cuttery’s current CEO is Eric Bakken.
Operations
The Hair Cuttery Family of Brands operates Hair Cuttery and Bubbles chains of salons as well as Cibu private label haircare products.[11] Hair Cuttery operates over 500 salons and employs more than 5000 stylists.[12]
See also
References
- ^ "Hair Cuttery Parent Moves Forward With Ch. 11 Sale Plans - Law360". www.law360.com. Retrieved 19 February 2021.
- ^ S. Pete, Joseph. "Hair Cuttery reopens salons after filing for bankruptcy and selling to new ownership". nwitimes.com. Retrieved 18 February 2021.
- ^ Rodolfo, Roman. "Miami-area salon offers hair-cutting services outdoors". Miami Herald. Retrieved 18 February 2021.
- ^ Alter, Cathy. "Can the Hair Cuttery become millennials' go-to salon? This 75-year-old thinks so.". Washington Post. Retrieved 18 February 2021.
- ^ "With more than 900 salons, this family still has eyes on expansion". www.bizjournals.com. Retrieved 18 February 2021.
- ^ Allerton, Haidee (June 1996). "What things cost". Training & Development. 50 (6). Association for Talent Development
- ^ "About Us". www.haircuttery.com. Retrieved 18 February 2021.
- ^ "Hair Cuttery parent company to sell assets as part of bankruptcy reorganization plan". www.bizjournals.com. Retrieved 18 February 2021.
- ^ Toutant, Charles (April 8, 2020). "Hair Cuttery Lawsuit Could Tee Up Coming Battles Over Layoffs Due to COVID-19: The suit, filed Tuesday in federal court in the District of New Jersey, could be a harbinger of a coming wave of litigation related to the mass layoffs in recent weeks at businesses whose operations were disrupted by COVID-19". New Jersey Law Journal. ALM Media Properties, LLC. Retrieved June 13, 2020.
- ^ Dailey, Kathleen (April 24, 2020). "Daily Labor Report: Hair Cuttery Blames Missed Pay on Virus, Files for Bankruptcy". Bloomberg Law. Retrieved June 13, 2020.
- ^ "Hair Cuttery Family of Brands to give back to local Food Banks on #GivingTuesday and will Launch 12 Days of Giveaways". AP News. 1 December 2020. Retrieved 18 February 2021.
- ^ "Hair Cuttery Stylists Reach Deal Over Pre-Pandemic Closure Wages". Bloomberg Law. Retrieved 18 February 2021.