|Formerly||Kunin Beauty Salon|
S&P 600 Component
|Industry||Hair salon retail chain, beauty services|
|Founded||Edina, Minnesota, United States (1922)|
|Headquarters||Edina, Minnesota, United States|
|Felipe Athayde (CEO)|
|Revenue||US$1.69 billion USD (2017)|
Number of employees
|50,000 stylists (2014)|
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.
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."
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.
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. 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 with the stated intention of finding a new buyer. The remaining salons are to be shut down.