Fantastic Sams Hair Salons acquired
Beverly, Mass. — Fantastic Sams Hair Salons said Wednesday that it has been acquired by salon owner Dessange International.
Fantastic Sams operates 1,200 company-owned and franchised salons in 46 states, and Dessange operates salons and beauty institutes in 45 countries. The acquisition of Fantastic Sams doubles Dessange’s hair salon network to over 2,000 salons, of which 1,500 are located outside of France.
Menards balks at 1% tax
New York City — Menards is considering a new store in a Springfield, Mo., shopping mall — as long as it isn’t included in the development’s community improvement district (CID), according to an article in the Springfield News Leader.
The Eau Claire, Wis.-based home improvement chain is planning a 162,000-sq.-ft. store in the Hickory Hills Marketplace, which levies a 1% tax on tenants to help pay back the cost of public improvements at the development.
At a Springfield City Council meeting on Jan. 17, a Menards representative said the deal is contingent on approval of a bill removing the home improvement store from the Hickory Hills’ CID.
Great American Group names VP for retail services sector
Woodland Hills, Calif. — Great American Group, a provider of asset disposition, valuation and appraisal services, has appointed Mike Wyse to a new VP position at the company.
In the new role, Wyse will focus on generating revenue through the cross-promotion of all Great American Group’s services with an emphasis on the retail services sector.
“We are extremely pleased to have Mike Wyse join the Great American Group team,” said Scott Carpenter, president of Great American’s retail division. “Mike has a wealth of experience in helping clients find solutions to their complex business needs, along with a unique understanding of our business. Our company has grown steadily since our founding in 1971, so the time is right for Mike to come on board and contribute toward our continued growth.”
Wyse previously served as a director at Zolfo Cooper in New York City, where he worked with numerous corporations on a wide variety of strategic and operational issues.
Wyse received a bachelor’s degree in administration and a master’s degree in business administration from St. Bonaventure University in New York.