Biz Yahoo:
Regis Corporation the global leader in the $150 billion hair care industry, today announced the acquisition of a well-established chain of 105 salons located primarily in Ohio and four other states. The salons operate under the trade names Famous Hair, Chicago Hair and Hair Inc. This transaction closed April 3, 2006 and is expected to add $34 million in annualized revenue.
“We are pleased to announce the acquisition of these affordably-priced, high-volume salons,” commented Paul D. Finkelstein, chairman and chief executive officer. “Roger and Debbie Hartzell have built a wonderful business that we have admired for many years. These salons fit nicely within our portfolio of successful salon concepts.”
Regis Corporation (RGS) is the beauty industry’s global leader in salons, hair restoration centers and education. As of December 31, 2005, the Company owned or franchised 11,211 worldwide locations; which included 11,086 beauty salons, 90 hair restoration centers and 35 beauty schools operating under concepts such as Supercuts, Jean Louis David, Vidal Sassoon, Regis Salons, MasterCuts, Trade Secret, SmartStyle, Cost Cutters and Hair Club for Men and Women. These and other concepts are located in the US and in ten other countries throughout North America and Europe.
No comments yet.