Regis Corp. to focus on value segment

The nation's leading salon operator has entered into a major transaction that will reshape its portfolio.



Regis Corporation announced it has sold substantially all of its mall-based salon businesses in North America and entered into an agreement to sell substantially all of its International segment to The Beautiful Group, an affiliate of Regent, who will operate them as the company’s largest franchisee.



This transaction includes 858 of the company’s North America Regis Salons and MasterCuts locations, which are full-service, mall-based salons, as well as the intellectual property related to MasterCuts and certain other trade names. The announced transaction also includes the company’s 250 Regis Salons and Supercuts salons in the U.K.



In May, Regis announced it was planning strategic alternatives for its mall-based hair salons. The company said it had retained Huron Transaction Advisory to help in its review.



“This transaction further clarifies our strategy by focusing our company-owned salon portfolio in North America on the value segment,” said Hugh Sawyer, president and CEO of Regis Corporation. “At the same time, this outcome is consistent with our strategic imperative to accelerate the growth of our franchise portfolio.”



As of June 30, 2017, Regis owned, franchised or held ownership interests in 9,008 worldwide locations. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters, Roosters and First Choice Haircutters.