Cosmo is closing its flagship beauty salon in Manhattan, and its CEO said on Monday that the move was due to financial pressure.

The salon, known as CosmoBeauty, closed for good on March 6, but it was re-opened on April 20 after an extensive renovation.

The new Cosmo salon is expected to open by the end of June.

“I think it’s important to note that the Cosmo business is not a perfect business, but its a pretty great one,” said Cosmo CEO Michael Fassbender, according to a statement from Cosmo.

“We have made a lot of investments in this space, and we think that’s the right thing to do.

We have had a lot to think about and have to make some tough decisions in the meantime.”

Fassbenders initial plan was to close the salon by the middle of June, but he had to delay it by six months due to the high cost of rent in New York City, which he estimated at $15,000 per month.

He said he was also under pressure from other tenants, as well as the fact that many customers had been complaining about poor service.

Cosmo was once the top-grossing salon in New England.

It opened in 1988 in Manhattan’s Chelsea neighborhood.

It now has more than 200 locations across the country.

The Cosmo brand has been gaining more prominence in the beauty industry over the last few years as a result of a rise in popularity for natural hair and makeup products.

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