Regis Corporation
{{Short description|American operator of hair salons}}
{{redirect|Cost Cutters|the drugstore of the same name|Drug Fair}}
{{More citations needed|date=November 2009}}
{{Use mdy dates|date=February 2024}}
{{Infobox company
| former_names = Kunin Beauty Salon
| logo = Regis Corporation logo.png
| logo_size = 200px
| image = Regis, Putney Exchange 01.jpg
| image_caption = Regis, Putney Exchange, London, England
| type = Public
| traded_as = {{nyse|RGS}}
| key_people = Matthew Doctor {{small|(CEO)}}
| industry = Hair salon retail chain, beauty services
| products = {{ubl|Hair cuts|Beauty products}}
| revenue = {{decrease}}US$1.69 billion (2017)
| locations = 5,839
| num_employees = 2,446 (June 2021)
| slogan =
| foundation = Edina, Minnesota, US (1922)
| location = Minneapolis, Minnesota, US
| founders = {{ubl|Paul Kunin|Florence Kunin}}
| homepage = {{URL|http://www.regiscorp.com}}
| brands = {{ubl|Best Cuts|BoRics Hair|Carlton Hair|City Looks|Cost Cutters| Empire Beauty Schools|Famous Hair|First Choice Haircutters|HairCrafters|HairMasters|Holiday Hair|
Magicuts|MasterCuts|Regis Salons|Roosters Men's Grooming Center (Roosters)|Sassoon Salons|Saturday's|SmartStyle|Style America|Supercuts|TGF Hair Salon|}}
}}
Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota."[https://www.regiscorp.com/about-regis-corporation About Regis Corporation]." Regis Corporation. Retrieved on April 21, 2024.
The primary trade names Regis salons operates under are SmartStyle (located in Walmart stores), Supercuts (located in strip malls), Cost Cutters, First Choice Haircutters and Roosters Men's Grooming Center (Roosters).{{cn|date=June 2022}}
Origins
File:Hair Masters at Crossroads at Orenco Station - Hillsboro, Oregon.JPG]]
Regis was founded in 1922 by Paul and Florence Kunin as Kunin Beauty Salon, and renamed Regis in 1958 by their son Myron who acquired the chain.
Acquisitions and divestitures
In 2005 the company acquired Hair Club for Men and Women, but sold it to the Japanese wigmaker Aderans in 2012.{{cite web |url=http://finance.fortune.cnn.com/2012/07/16/ma-165/ |archive-url=https://web.archive.org/web/20130107034507/http://finance.fortune.cnn.com/2012/07/16/ma-165/ |url-status=dead |archive-date=January 7, 2013 |title=M&A |date=July 16, 2012 |first=Dan |last=Priimack |website=CNN Money |access-date=March 15, 2025}} The company recently sold all of its beauty schools to Empire Beauty Schools.
On January 10, 2006, Regis Corporation announced it would acquire the Sally Beauty Company business of Alberto-Culver. Sally has 2,419 Sally Beauty Supply stores and 822 Beauty Systems Group stores. However, on April 5, 2006, Alberto-Culver terminated the merger agreement and later Sally was spun off as a separate company.
Regis acquired a major competitor The Barbers, Hairstyling for Men & Women, Inc., which had previously brought the companies: The Cost Cutters, Family Hair Care, City Looks Salons International and We Care Hair. Other major acquisitions included Sassoon and HCUK. Regis sells Designline hair care products (2004) as well. In July 2010, Regis spun off Trade Secret, a shopping mall based hair care supply store. They announced they would be closing approximately 80 locations. Later, Trade Secret filed for Chapter 11 Bankruptcy protection, and closed all stores.{{cite news |date=July 6, 2010 |title=Trade Secret bankrupt, salon chain to be sold |language=en |work=Reuters |url=https://www.reuters.com/article/us-premiersalons-bankruptcy-regis-idUSTRE6651ZF20100706 |access-date=May 11, 2023}}
In October 2017 Regis Corporation sold its Regis Salons, MasterCuts, and UK Supercuts to The Beautiful Group.{{cite press release| url=https://www.businesswire.com/news/home/20171002005495/en/Regis-Announces-Sale-Subsequent-Franchise-Substantially-Mall-Based| title=Regis Announces Sale and Subsequent Franchise of Substantially All of Its Mall-Based Salons and U.K. Businesses| date=October 2, 2017| publisher=Regis| via=Business Wire| access-date=June 4, 2023}} These salons became franchises keeping the same brand names.
At the end of December 2019 Regis terminated its franchise agreements with The Beautiful Group and took back 200 salons{{cite press release| url=https://www.businesswire.com/news/home/20191231005199/en/Regis-Announces-Transaction-Involving-Salons-Operating-Regis%C2%AE| title=Regis Announces a Transaction Involving Certain Salons Operating Under the Regis® and Mastercuts® Brands| date=December 31, 2019| publisher=Regis| via=Business Wire}} with the stated intention of finding a new buyer. The remaining salons are to be shut down.
References
{{reflist}}
External links
{{Portal|United States|Companies}}
- {{Official website| http://www.regiscorp.com/ }}
{{Minnesota Corporations}}
{{Authority control}}
Category:Hairdressing salon chains
Category:American companies established in 1922
Category:Retail companies established in 1922
Category:Retail companies of the United States
Category:Companies based in Edina, Minnesota