Hair Cuttery Explained

Hair Cuttery
Type:Private
Foundation:
West Springfield, Virginia, U.S.
Founder:Dennis Ratner
Location:McLean, Virginia, U.S.
Key People:Seth Gittlitz (CEO)
Industry:Hair salon
Revenue: (2019)[1]
Parent:Hair Cuttery Family of Brands
Locations:500
Homepage: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]

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]

Operations

The Hair Cuttery Family of Brands operates Hair Cuttery, Bubbles, and Cibu chains of salons.[11] Hair Cuttery operates over 500 salons and employs more than 5000 stylists.[12]

Notes and References

  1. News: Hair Cuttery Parent Moves Forward With Ch. 11 Sale Plans - Law360 . 19 February 2021 . www.law360.com . en.
  2. News: S. Pete . Joseph . Hair Cuttery reopens salons after filing for bankruptcy and selling to new ownership . 18 February 2021 . nwitimes.com . en.
  3. News: Rodolfo . Roman . Miami-area salon offers hair-cutting services outdoors . 18 February 2021 . Miami Herald.
  4. News: Alter . Cathy . Can the Hair Cuttery become millennials' go-to salon? This 75-year-old thinks so. . 18 February 2021 . Washington Post.
  5. News: With more than 900 salons, this family still has eyes on expansion . 18 February 2021 . www.bizjournals.com.
  6. Allerton . Haidee . June 1996 . What things cost . Training & Development . . English . 50 . 6.
  7. News: About Us . 18 February 2021 . www.haircuttery.com.
  8. News: Hair Cuttery parent company to sell assets as part of bankruptcy reorganization plan . 18 February 2021 . www.bizjournals.com.
  9. News: 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 . Charles . Toutant . April 8, 2020 . New Jersey Law Journal . ALM Media Properties, LLC . June 13, 2020.
  10. News: Daily Labor Report: Hair Cuttery Blames Missed Pay on Virus, Files for Bankruptcy . April 24, 2020 . Kathleen . Dailey . Bloomberg Law . June 13, 2020.
  11. News: Hair Cuttery Family of Brands to give back to local Food Banks on #GivingTuesday and will Launch 12 Days of Giveaways . 18 February 2021 . AP News . 1 December 2020.
  12. News: Hair Cuttery Stylists Reach Deal Over Pre-Pandemic Closure Wages . 18 February 2021 . Bloomberg Law . en.