Fantastic Sams Announces Acquisition by Dessange International
Fantastic Sams Hair Salons has recently announced that Dessange International has acquired all of the outstanding shares of Fantastic Sams Holding Corp.
Fantastic Sams Hair Salons has a company operated and franchise network of over 1,200 salons in 46 states with over 13,000 salon employees in North America. The company opened its first salon in Memphis, Tennessee in 1974 and began franchising salons in 1976. Over the past 37 years, the company has built a reputation for offering quality service and style at affordable pricing for the entire family.
Dessange International has over 6,000 employees and owns and operates salons and beauty institutes in more than 45 countries. The acquisition of Fantastic Sams doubles Dessange International’s hair salon network to over 2,000 salons, of which 1,500 are located outside of France.
“We are delighted to welcome the Fantastic Sams team to the DESSANGE group, and excited about the significant growth opportunities that this will create. This acquisition once again confirms our pioneering leadership position in the international development of the hair salon franchise market," says Benjamin Dessange, Chairman and CEO of 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. Our goal is to have over 2,000 Fantastic Sams and 300 Camille ALBANE salons," says Scott Colabuono, President and CEO of Fantastic Sams Hair Salons.
The acquisition of Fantastic Sams Hair Salons is the next step in DESSANGE International’s expansion in the U.S., following the acquisition of the DESSANGE Paris North American master franchise in April 2011. DESSANGE International 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.