Fantastic Sams Sold in Bankruptcy

  • ---Shares

Anaheim, California--A California bankruptcy court has cleared the way for a group of investors to acquire hair-care franchise Fantastic Sams for just over $17 million from its debt-laden parent Opal Concepts Inc. Cheveux Acquisition, a group formed by four entrepreneurs who own the New England franchise rights for Fantastic Sams, won the bankruptcy auction over another franchisee group. -Reuters