Rush planning to double in size -
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The future is looking bright for salon chain Rush, after they secured £16m of investment to support a national rollout programme, which could see them double their salon numbers in four years.
The chain, which has salons across London, Essex and the South East reported a record year in 2016, with the opening of 11 new salons including one right here in Liverpool.
The group, which launched in 1994, now have 85 salons across England including three standalone beauty salons and a further three combined beauty and hair sites.
Stell Andrew, joint chief executive and co-founder of Rush, said: “Until now we have grown our business organically but felt the time was right to turbo-charge our expansion plans, which is why private equity investment is a natural next step for us. We are now in a position to substantially increase our national presence and bring the Rush brand to more customers across the country.”
The funding has come thanks to private equity firm LDC, part of the Lloyds Banking Group who will hold a minority stake in Rush and help them continue their rapid growth programme.
They are also planning to open a training Academy, in London’s Covent Garden.
LDC investment director Alastair Weinel added: “Rush has a proven scalable model. Its strong brand proposition means the business in an ideal position to push on and grow its UK footprint. The development of its training academy and continued innovation will further support the business’ status as the market-leading player in the hair and beauty sector.”