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MiniLuxe Announces Completion of Planned Share Issuance for the Purposes of Acquiring a New Studio Location in Dallas, Texas
GlobeNewswire News Roomยท 2025-08-14 11:30
Core Viewpoint - MiniLuxe Holding Corp. is expanding its presence in the Dallas-Fort Worth market through the acquisition of a new studio location, supported by a strategic partnership and a focus on talent empowerment [3][4][5]. Company Expansion - The company has completed the issuance of 437,500 Class A subordinate voting shares at a price of USD $0.40 per share to facilitate the acquisition of a new studio in the Dallas-Fort Worth area [1][2]. - MiniLuxe's subsidiary now holds approximately 66.15% of the LLC membership interests in the newly formed entity [2]. Strategic Partnerships - The acquisition includes a joint venture with Leslie Concors, an experienced entrepreneur with a successful track record in growing consumer brands [4]. - Kayleigh Se, MiniLuxe's Regional Operating Partner, will also contribute her expertise to the new location [4]. Growth Strategy - MiniLuxe aims to accelerate growth through mergers and acquisitions, new company-owned stores, joint ventures, and franchising [3][10]. - The company prioritizes the talent behind its studios to maintain quality and consistency in service delivery [3]. Market Position - The Dallas-Fort Worth area is identified as a key growth region for MiniLuxe, with the new location expected to enhance its market presence [3][5]. - The company has performed over 4 million services since its inception, indicating a strong operational foundation [10].