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April 10, 2003 | Josh Friedman, Times Staff Writer
A group of regional franchise owners is entering the competition to gain control of the financially troubled hair-styling chain Fantastic Sams from its parent. Los Angeles-based investment bank Seidler Cos. said Wednesday that a consortium of "about 80%" of the chain's 36 regional owners from across the U.S. has hired it as an advisor in an effort to buy the assets of FS Concepts, a subsidiary of Anaheim-based Opal Concepts Inc. The consortium, known as FAS Co.
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