Regis To Merge Euro. Salons With Franck Provost

Reuters:

Hair salon operator Regis Corp said on Monday it agreed to sell a majority stake in its European hair salon franchise to Franck Provost Salon Group for an undisclosed sum, creating Europe’s largest salon company.

Regis, whose salon chains include Supercuts, Jean Louis David and Vidal Sassoon, said it will keep a 30 percent interest in the combined company, while the current Provost management team will oversee all its operations.

Regis’ operations in Britain will not be included.