American Salon Parent Company Questex Announces Financial Restructuring
An important message to our readers and advertisers:
You may have already heard news of American Salonâ€™s parent company, Questex Media Group, filing for voluntary Chapter 11 petitions in Delaware. Questex has reached an agreement with its senior lenders for a financial restructuring of the companyâ€™s balance sheet to reduce its debt and improve its capital structure. This is a positive for the company that will provide greater financial flexibility going forward.
marketing operations of the magazine and its associated properties will not be affected.The most important thing to know is that American Salon business will continue as usual during the restructuring process. The lenders are committing significant financing to ensure that operations continue uninterrupted, so day-to-day editorial, sales and marketing operations of the magazine and its associated properties will not be affected.
All of us here at American Salon remain focused on serving our readers and advertisers with the same professionalism, passion and dedication to service you have come to expect from us for the last 130 years.