![]() Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. Thinknum tracks companies using the information they post online, jobs, social and web traffic, product sales, and app ratings, and creates data sets that measure factors like hiring, revenue, and foot traffic. If the IPO is a success, EWC’s enterprise value could top $1.2 billion.Īccording to our data, EWC currently has 853 locations in 44 states across the US. This means our new Was Associates will be offering complimentary waxing services for all New. The company has since reopened and early reports show revenue bouncing back. Our Canton center is on the hunt for Wax Models to help our newest Wax Specialists perfect their craft. The pandemic wasn’t kind to EWC - the company was forced to close stores temporarily, which led to a 33% drop in revenue in 2020. In 2019, David, who had been acting as CEO from the beginning, handed the reins to David Berg, who had previously been the CEO of a global hospitality company. It wouldn’t be until 2008, however, that the Cobas would begin franchising, first with just a couple of locations per year, then growing to hundreds. In its first month the first European Wax Center posted a profit. David decided to open a center separate from the salon, and with the help of his brother, implemented new strategies that would streamline operations. European Wax Center, a leading beauty lifestyle brand franchise founded in 2004, offers guests a full suite of waxing services, as well as a proprietary line. ![]() The original salon’s waxing service, located in Aventura, Florida, was something of a disaster, with underpriced services, messy wax, and mismanaged customer demand. The IPO represents a step forward in European Wax Center’s comeback, and the resurgence of the $18.7 billion waxing and nail salon industry as a whole as consumers flock back to in-person services.įounded in 2004 by brothers Joshua and David Coba, European Wax Center began as an offshoot of a hair salon owned by the Cobas’ father. The company wasn’t always expected to find success - after starting out as a dysfunctional single location, then growing into a national chain, EWC has had a shaky post-pandemic year. The chain is expected to debut on Thursday in a $175 million IPO, which would set its market capitalization at just over $1 billion. European Wax Center, the national chain that offers waxing services and beauty products, is making its public debut this week. European Wax Center is located at 41804 Ford Rd in Canton, MI - Wayne County and is a business listed in the categories Hair Removal Waxing, Beauty Salons, Beauty Shops, Hair Removal Permanent, Electrolysis Treatments and Hair Removal and offers Bikini Waxing, Brazilian Waxing, EYEBROW WAXING, Upscale, LOTION, Body Wash etc.
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