{"id":19805,"date":"2021-03-26T14:42:47","date_gmt":"2021-03-26T18:42:47","guid":{"rendered":"https:\/\/www.beautyconsultantmagazine.com\/home\/?p=19805"},"modified":"2021-03-26T14:42:47","modified_gmt":"2021-03-26T18:42:47","slug":"abraxas-group-announces-successful-business-transformation-of-luster-products","status":"publish","type":"post","link":"https:\/\/www.beautyconsultantmagazine.com\/home\/abraxas-group-announces-successful-business-transformation-of-luster-products\/","title":{"rendered":"Abraxas Group Announces Successful Business Transformation of Luster Products"},"content":{"rendered":"

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Seasoned interim executive and family owned company partner for a successful business transformation<\/h2>\n

Abraxas Group LLC (“Abraxas”), a boutique advisory firm focused on supporting Middle Market companies in transition, is pleased to announce the successful business transformation of client Luster Products<\/strong>.<\/p>\n

Luster Products<\/strong> is a family-owned consumer goods company serving the multi-cultural haircare market. The company has two main brands that cater to this segment: Pink\u00ae<\/strong> <\/em>and S-Curl\u00ae<\/strong><\/em>. Luster Products<\/strong> has deep roots in the industry, having been founded in 1957 and ranking as the top of the “heritage” companies in its segment.<\/p>\n

In January of 2020, David Johnson of Abraxas Group joined the Luster Products<\/strong> leadership team as Interim Chief Operating Officer, with a mandate to drive a business transformation. In the face of the historic challenges that 2020 presented to all companies, especially those in the middle market, David and the Luster Products<\/strong> team developed and executed a business transformation that resulted in dramatic improvement in the company’s profitability and key operating measures.<\/p>\n

Jory Luster, President and CEO of Luster Products, had this to say:<\/strong><\/p>\n

What David has built at Abraxas Group is special, and my family and company were the beneficiaries of that in 2020. David is simply a different type of consultant. He joined the team, rolled up his sleeves, and he worked with us to craft a business transformation that would not only meet our business objectives but one that was true to the culture that my family has built and nurtured over 60 years. This was a true and successful partnership.<\/p><\/blockquote>\n

Founded in 2015 by David Johnson (@TurnaroundDavid), Abraxas Group has adopted and refined a service delivery model in which a single professional assumes a C-level leadership role and drives a business transformation. This approach has generated stellar results across industries and ownership structures in the middle market.<\/p>\n

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For more information contact\u00a0Luster Products<\/a> and Abraxas Group<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Seasoned interim executive and family owned company partner for a successful business transformation Abraxas Group LLC (“Abraxas”), a boutique advisory firm focused on supporting Middle Market companies in transition, is pleased to announce the successful…<\/p>\n","protected":false},"author":1,"featured_media":19814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[330,143,144,76,71,113,68,70,331,142,72],"class_list":{"0":"post-19805","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry-news","8":"tag-abraxas-group","9":"tag-beauty-blog","10":"tag-beauty-editorial","11":"tag-beauty-industry","12":"tag-beauty-magazine","13":"tag-beauty-professionals","14":"tag-hair","15":"tag-hair-products","16":"tag-luster-products","17":"tag-professional-beauty","18":"tag-professional-beauty-industry"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/posts\/19805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/comments?post=19805"}],"version-history":[{"count":5,"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/posts\/19805\/revisions"}],"predecessor-version":[{"id":19815,"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/posts\/19805\/revisions\/19815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/media\/19814"}],"wp:attachment":[{"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/media?parent=19805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/categories?post=19805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beautyconsultantmagazine.com\/home\/wp-json\/wp\/v2\/tags?post=19805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}