Ok, we did the Croydon facelift gags in a previous article. This is the news that Rush, a beauty salon that launched 22 years ago with a single store in Wimbledon, has received a £16m growth investment.
Rush founders Andy Phouli and Stell Andrew have built the business into an 85 salon empire that generates sales of £36m and Ebitda of more than £4m, employing 1,100 stylists and attending to 13,000 customers every week.
The investment is led by Private Equity firm LDC, and will see 2 of their investment directors, Alastair Weinel and Tanya Thompson, join the board.
Rush has won 14 British Hairdressing Awards, a L’Oreal colour trophy, and, news reaches us, their winter sale is on!
Rush has an impressively big social media footprint, too, with 46k followers on Twitter and more than 19k Facebook likes – plus, holy grail of all fashion start-up holy grails – they made it into the Mail Online!
“Until now we’ve grown our business organically but felt the time was right to turbocharge our expansion plans, which is why private equity investment is a natural next step for us”, says Stell Andrew.
The firm’s flagship store, in Piccadilly, was opened by Cara Delevigne. Very cool, but should it not have been Croydon’s own Kate Moss? Maybe they took the less volatile option there.
A favourite with fashion bloggers, models, and jet set trendies, Rush has been storming it, and next they want to expand across the whole of the UK, to places like Manchester, Nottingham, Liverpool, Birmingham and Bristol.
Blow (dry) me down – sounds like Rush well and truly have the wind in their sails – or should that be hair? (enough! Ed)