NEW YORK, April 14, 2014 /PRNewswire/ -- John Barrett, the premiere New York City salon, announced that it will
expand nationwide with six new locations across the country. The
plans include two additional salons in Manhattan; Palm
Beach, FL; Washington D.C.;
Dallas, TX; and Las Vegas, NV – locations in Manhattan's NoHo neighborhood and Palm Beach are set to open later this
year.
The salon expansion and new product collection will increase
brand reach beyond the current Bergdorf Goodman location and create
fervent opportunities for the brand to grow in new directions.
"I have been fortunate with the success of my first location at
Bergdorf Goodman. It's now time to add new cities and new
faces to the circle of friends and clients I have been privileged
to build up over the years," says Barrett.
Barrett will also launch a line of premium products --
including both staples and innovative, proprietary
creations -- bringing top-quality hair-care solutions to his
ever-widening circle of followers. The product line will tap into a
market expected to climb past the $10
billion mark by 2016.
Funding for the new enterprise comes from a private equity
investment group led by distinguished investor James R. Hedges IV. Hedges has been a
recognized leader in the hedge fund industry for two-decades, known
for identifying prime investment opportunities and significantly
scaling retail businesses. Also a renowned art investor and
collector, Hedges is one of Barrett's longstanding clients and
personal friends.
"Very few in the industry have the standards, expertise and
appeal to grow into a national brand," Hedges said. "John
absolutely does, as his business has continuously outperformed the
salon industry. As a dedicated client myself, I am thrilled to help
John scale his brand and bring his genius to new and fertile
markets."
Growing the brand is an inevitable step for Barrett. His sole
New York City location serviced
more than 60,000 clients last year, up 6.7 percent over the prior
year. Perched atop the legendary Bergdorf Goodman department
store in Manhattan with a pristine
view of Central Park's lush greenery, the salon is a kingly setting
for the Irish immigrant who grew up as the fifth of ten children in
a small house in Limerick, and is now at the pinnacle of the hair
game in New York - where it's
toughest to rise to the top. And now, Barrett is expanding his
view -- and his domain.
In the 17 years since opening the salon, Barrett has established
a prominent roster of national and international clients, and is
recognized as the mastermind stylist behind some of America's most
notable men and women in entertainment, business, politics and
social spheres.
All new locations will be helmed by proteges personally chosen
and trained by Barrett to ensure that each salon retains the mix of
his warm, personal touch and meticulous attention to detail.
Continuing Barrett's commitment to nurturing the careers of
America's most talented hair stylists, each new location will also
offer a trademarked training program for the best local hair-care
professionals.
"My goal is to do all this by truly listening to my clients,
exceeding the demands of the industry and capitalizing on my
experience," says Barrett. "Nothing excites me more than spreading
the magic my talented staff and I have created at Bergdorf
Goodman, far beyond Fifth Avenue."
Further details on salon locations and personnel will follow
later this year.
About John Barrett
John Barrett is a pioneer in the
luxury, beauty and hair care marketplace and owns the premiere
namesake salon that resides atop the global luxury destination
Bergdorf Goodman. Since transforming the family
penthouse apartment in 1996 into one of the most sought-after
beauty destinations in the world, Mr. Barrett's approachable yet
sophisticated take on beauty and his "simply chic" style has made
him an industry icon. From runways to backstage, on set and at
home in his salon, Mr. Barrett and his team are dedicated to
providing the best service, talent and experience tailored to meet
each client's individual needs.
Photo -
http://photos.prnewswire.com/prnh/20140413/72947
Photo - http://photos.prnewswire.com/prnh/20140413/72948
SOURCE John Barrett Holdings