Breaking News

L’Oréal Donates $50,000 To ICSA and TSA

November 22, 2005

L’Oréal USA’s professional products division donated $50,000 to the Inter-national Chain Salon Association (ICSA) and The Salon Association (TSA) in passing the Cosmetology Tax Fairness and Compliance Act. This legislation features a credit for the FICA taxes that salon owners must now match on their employees’ tips. It also serves to offset costs related to complying with tip tax laws, such as keeping records and reporting them to the Internal Revenue Service.
L’Oréal USA executives said the Act would boost professionalism at all levels in salons, encourage young people to pursue cosmetology as a lucrative career choice and help fuel the growth of the entire industry.
In other news, Seymour Finkelstein received the ICSA’s 2004 Lifetime Achievement award. Mr. Finkelstein served as president of the ICSA in the 1980s, when he was chief executive officer of Glemby International.
Mr. Finkelstein recommends two tenets for salon chain success. “No matter how good we are, the customers are paying the bill and you need to treat them with that respect,” he said. “In addition, treating your hairdressers properly, recognizing their accomplishments and thanking them often for their efforts are the keys to retaining them. When you hairdressers stay with you, so do the clients. It’s that simple.”
blog comments powered by Disqus
  • Active Agents

    Active Agents

    September 19, 2016
    On the surface, surfactants may seem staid, but the market, and the supplier activity driving it, is bubbling.

  • Jam On It!

    Jam On It!

    Melissa Meisel, Associate Editor||September 19, 2016
    Jamberry sees success in artsy nail accessories.

  • Expanding Erbaviva

    Expanding Erbaviva

    Christine Esposito, Associate Editor||September 13, 2016
    A farm-to-bottle organic brand celebrates its 20th anniversary with a new look, new products and plans to expand in the US.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.