Sephoria Hair Care, which operates salon and salon hair care businesses in several major cities across the U.S., is the largest privately owned hair salon in the country.
The company operates two salons in Las Vegas and another in Las Palmas, Nevada.
In 2017, the company earned a $1.6 billion profit and earned $8.8 million in revenue, according to a Securities and Exchange Commission filing.
But that doesn’t mean that it has unlimited resources.
According to a December 2017 SEC filing, the Las Vegas salon had $1,719,853 in debt and $3,764,852 in other liabilities.
According the filing, Sephora’s Las Palma salon had a $4,769,068 balance.
Sephoreaus’ Las Palmans’ balance is $2,835,065.
Both salons are managed by a board of directors, which includes former President and CEO Gary Gifford.
The Las Palms salon, operated by Giffords sons, is managed by the company’s chief executive officer, Kevin Eisert.
Giffard resigned from the board of Sephoras Las Palmers in May.
Seophora has had an ugly streak of controversy in recent years, including an episode in April 2016 in which the company was forced to fire an employee who allegedly stole $2 million in money from the company.
In that case, the employee claimed that he was fired for “attempting to steal $2.5 million from the Las Palamas salon.”
The LasPalmas salon also lost $2 billion on its investments in 2012 and 2013, according the filing.
SePhora has also faced criticism for having too many locations.
In the early 2000s, it closed more than half of its hair salons, according a 2012 report by Bloomberg.