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Monday, July 10, 2006 - Page updated at 12:00 AM

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Investment fund buys Gene Juarez Salons

Seattle Times retail reporter

Evergreen Pacific Partners, a local investment fund, has purchased the iconic Gene Juarez Salons & Spas for an undisclosed sum.

As part of the buyout, salon and spa industries veteran Janet Denyer will join the company as Chief Executive Officer.

Founder Gene Juarez will remain an advisor for the company. Co-partner Michael Coe plans to pursue other interests.

Fueled with new capital, the chain plans to expand the number locations throughout the Puget Sound region and begin upgrading some of its locations, including its Northgate and Southcenter mall locations.

It also plans to offer a larger variety of services and products to customers.

Juarez, who opened his first salon in 1971, is considered one of the more prominent Hispanic business owners in the Puget Sound.

Gene Juarez Salons & Spas has eight locations, two training academies and an advanced training salon. The company employs 1,300.

Monica Soto Ouchi: 206-515-5632 or msoto@seattletimes.com

Copyright © 2006 The Seattle Times Company

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