Minneapolis-based hair cut chain Great Clips Inc. has launched a media agency review, the company has confirmed.
Estimated annual ad spend is $50 million.
The incumbent, Periscope, has opted not to defend.
Confirming the review, a company spokeswoman issued a statement: “Great Clips Inc. has launched a media review to support our growth strategy. We expect to have a media partner selected before the end of the year. The process, managed by Ark Advisors, is already far along and is now closed to new agencies.”
The company generated $1.4 billion in revenue last year and has projected 7% growth for 2018.