Beauty Brands
 | This article needs additional citations for verification. (July 2013) |
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| Company type | Private |
|---|---|
| Industry | Beauty salon |
| Founded | 1995 |
| Founder | Bob Bernstein |
| Headquarters | , |
Number of locations | 33 (December 2018) |
Key people | Caryn Lerner CEO-Chief executive officer |
| Services | Personal grooming |
| Parent | Private |
| Website | beautybrands |
Beauty Brands Inc. is a salon and spa superstore developed and founded by the advertising company, Bernstein-Rein. The company headquarters is located in Kansas City, Missouri. The company was purchased in November 2013 by a private California-based company replacing Bob Bernstein and David Bernstein with Lyn Kirby as the CEO and Rich Bos as President respectively.[1]
Founding
[edit]Robert "Bob" Bernstein, CEO of Bernstein-Rein, advertising company, developed and founded the salon and spa superstore in 1995. Bob's son, David, started with the company in 1995, became Vice President of Operations in 2000, then the COO in 2006 before Bob finally made David President and Owner of Beauty Brands in 2009, with Bob remaining as Chairman-CEO.[2]
Locations
[edit]As of April 2013, Beauty Brands has 65 locations in 11 states, spanning all over the Midwest with stores in Arizona, Colorado, Kansas, Missouri, Iowa, Oklahoma, North Carolina, Indiana, Illinois, Nebraska, Ohio and Texas.[3][1]
In December 2018, Beauty Brands decided to downsize the company by closing 35 of its 58 stores they had throughout the country and reduce staff at its headquarters by a third, leaving around 50. Beauty Brands’ CEO Caryn Lerner said “This year has proven to be a tough year for our business despite our efforts to combat industry headwinds. Necessary organizational changes are required heading into the new year. Make no mistake, these are difficult decisions which we did not take lightly.”[4]
In February 2019, The Bernsteins took over the leases at 23 stores, including all 14 in the Kansas City area, and the Lenexa distribution center. A bulk of the stores are in Missouri and Kansas; the remaining six are in Iowa, Illinois, Colorado and Texas.[5]
In August 2019, Beauty Brands re-entered a market, Avon, IN for the first time since the Bernsteins took control of the beauty and salon/spa retailer earlier this year. The company previously had Indianapolis-area locations, but those locations closed as part of the company's bankruptcy proceedings prior to the Bernstein's taking over.[6]
In March 2020, Beauty Brands re-entered the Waco, TX market, making it the 25th location.
Ownership
[edit]In 2013, the company was purchased in part by Lyn Kirby, the former CEO of Ulta and the buyout group she works for based in California. Kirby bought the majority stake from Bob Bernstein. Bernstein will still have a minority interest in the company. The private-equity buyer and terms of the deal cannot be discussed by either party due to a confidentiality agreement.[7]
Kirby served as CEO of the company, while Rich Bos replaced David Bernstein as president while Bernstein continued to serve as a consultant. Bos spent more than two decades with Ulta, ultimately as the vice president of merchandising.[8][1]
In 2019, the founder of Beauty Brands, along with his son, former company CEO David Bernstein, won court approval in February to buy the Kansas City-based beauty and salon retailer, which filed for Chapter 11 bankruptcy in January 2019. The Bernsteins took over the leases at 23 stores, including all 12 in the Kansas City area, and the Lenexa distribution center. A bulk of the stores are in Missouri and Kansas; the remaining six are in Iowa, Illinois, Colorado and Texas. Moving forward, the Bernstein's plan to re-establish the fundamentals that initially made Beauty Brands successful, including its customer-first approach that offers the right products, service and attitudes, and a culture that embraces a family and team-building attitude.[5]
References
[edit]- ^ a b c Smith, Joyce. "California company buys control of KC-based Beauty Brands". The Kansas City Star. Retrieved January 22, 2014.
- ^ "Beauty Brands names David Bernstein as president". Biz Journals. March 12, 2009. Retrieved April 17, 2013.
- ^ "Store Locator | Beauty Brands". Beauty Brands. Retrieved April 17, 2013.
- ^ "Beauty Brands to close 25 stores, reduce corporate staff | The Kansas City Star".
- ^ a b "Bernsteins' bid for Beauty Brands wins judge's approval - Kansas City Business Journal". www.bizjournals.com. Retrieved August 6, 2021.
- ^ "Beauty Brands re-enters first market under new ownership - Kansas City Business Journal". www.bizjournals.com. Retrieved August 6, 2021.
- ^ Andrew Vaupel (January 10, 2014). "Bernstein sells majority stake in Beauty Brands". Biz Journals. Retrieved April 13, 2015.
- ^ "Former Ulta CEO Kirby now running rival beauty chain". Chicago Business. January 16, 2014. Retrieved January 22, 2014.