A Multi-Award winning salon both locally and nationally, Utopia goals to supply final luxury remedies in the ultimate luxury setting.
The timing is right for beginning this new enterprise. Patiently trying to find six months for the right location, one was lastly discovered. The demand from the proprietor’s clients, in addition to the ambitions of the proprietor to one day start her personal salon, and the procurement of highly skilled and certified beauticians to assist the salon, has made this business considered one of nice potential.
A variety of private equity firms have curiosity in the company together with Apollo Global Management and Clayton, Dubilier & Rice, two of the sources mentioned. CD&R has an investment in magnificence provide distributor Sally Beauty. Regis is eyeing acquisitions value $50 million to $100 million in fiscal 2009, including about 200 to four hundred salons in North America, CEO Paul Finkelstein said in an interview with Reuters.
Net earnings came to $14.three million, or eight cents a share, compared with $three.1 million, or 2 cents a share a yr ago. The funds to 652 employees were ordered within the 12 months since Governor Andrew Cuomo created the New York State Nail Salon Industry Enforcement Task Force to end abuse of salon employees, the governor mentioned in a statement.
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