salon

Largest Retailer of Professional Haircare Products in Canada Joins Forces with ONCAP to Help Accelerate Growth

Intrepid Investment Bankers, a leading middle-market investment bank, announced July 17 the acquisition of its client, Chatters Canada—the largest retailer of professional haircare products in Canada and one of the largest hair-salon operators in that country—by ONCAP, the middle-market private-equity platform of Onex Corp., in partnership with the existing management team. The investment is being made by ONCAP III.

Tommie Towel

Made of both waterproof and water-absorbent materials, this towel swaddles a client's back and shoulders. It is worn as a backward bib. Furthermore, its waterproof side is kept against the client's back, while the center curvature is tucked down the client's collar and continues around toward the front to fasten or be lightly tugged by the client for a more comfortable, secure fit. It keeps a client's back dry during rinse and shampoo, and is made of durable materials that can withstand repeated wash and dry cycles. It's available in black and white.

BeautyBooked Rolls Out the BeautyPass in Manhattan

BeautyBooked has started up its BeautyPass—a monthly subscription service where customers can sign up for unlimited beauty services.

Its first product offering, among others planned, is unlimited blowouts for $99 a month in every area of Manhattan in New York City.

Better Economy Leads to Growth for Salon Services, Products

Total revenues for all salon-industry services—hair, skin and nails—plus salon retail grew at a respectable 3.1%, according to the new 2014 Professional Salon Industry Haircare Study from Professional Consultants & Resources, a leading salon-industry strategic-consulting and data-source company.

The total U.S. salon haircare market segment (services and retail) registered $67.02 billion, representing growth of 3.2%. There are nearly 303,000 salons and barbershops in the United States that use and sell salon haircare products.

Product Club Disposable Towels

These towels are made with specially interwoven fibers that make them extremely strong and durable even when wet. They are two times more absorbent than cotton towels, lightweight and comfortable. In addition, the towels are eco-friendly, reducing the waste of water, energy and detergents. They're made from 100% biodegradable fibers that offer a smooth and luxurious experience. They save time and money, such as on water, energy and detergent costs, laundry services, as well as time spent on washing, drying and folding towels.