MasterCuts
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MasterCuts
Regis Corporation
FormerlyKunin Beauty Salon
TypePublic
NYSERGS
S&P 600 Component
IndustryHair salon retail chain, beauty services
FoundedEdina, Minnesota, United States (1922)
Founders
  • Paul Kunin
  • Florence Kunin
HeadquartersEdina, Minnesota, United States
Key people
Felipe Athayde (CEO)
Products
Brands
  • Best Cuts
  • BoRics Hair
  • Carlton Hair
  • City Looks
  • Cost Cutters
  • Empire Beauty Schools
  • Famous Hair
  • HairCrafters
  • HairMasters
  • Holiday Hair
  • Magicuts
  • MasterCuts
  • Regis Salons
  • Sassoon Salons
  • Saturday's
  • SmartStyle
  • Style America
  • Supercuts
  • TGF Hair Salon
RevenueDecreaseUS$1.69 billion USD (2017)
Number of employees
50,000 stylists (2014)
Websitewww.regiscorp.com

Regis Corporation is an American operator of hair salons, and the largest such chain in the world, with over 10,000 salons (both company-owned and franchises). It has its headquarters in Saint Louis Park, Minnesota.[1]

Regis, Putney Exchange, London, England

Regis owns the brands Supercuts (located in strip malls), SmartStyle (located in Walmart stores), MasterCuts (located in shopping malls), Regis Salons, Sassoon Salons, Cost Cutters and First Choice Haircutters, as well as several smaller or regional brand "concepts."

Origins

Regis is based in Minneapolis, Minnesota and 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.

A HairMasters location in Hillsboro, Oregon

Acquisitions and divestitures

In 2005 the company acquired Hair Club for Men and Women, but sold it to the Japanese wigmaker Aderans in 2012.[2] 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 October 2017 Regis Corporation sold its Regis Salons, MasterCuts, and UK Supercuts to The Beautiful Group.[3] 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[4] with the stated intention of finding a new buyer. The remaining salons are to be shut down.

References

  1. ^ "Contact Us." Regis Corporation. Retrieved on January 26, 2011.
  2. ^ "M&A: June 17, 2012".
  3. ^ "Regis Announces Sale and Subsequent Franchise of Substantially All of Its Mall-Based Salons and U.K. Businesses". www.businesswire.com. October 2, 2017.
  4. ^ "Regis Announces a Transaction Involving Certain Salons Operating Under the Regis® and Mastercuts® Brands". www.businesswire.com. December 31, 2019.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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