On January 5th, 2017, Regis Corporation, the world’s largest hair salon company, announced that it will be closing down several of its locations across the United States. This news came as a surprise to many, as the company had just announced a major restructuring initiative back in October of 2016. At that time, Regis Corporation said that it planned to close 150 underperforming salons by the end of 2017. However, it seems that the company has decided to move up those closures, as it has now announced that it will be shutting down a total of 168 locations.

The 168 locations that will be closing down are spread out across the United States. However, the vast majority of them, 153 to be exact, are located in the Midwest and the South. Only 15 locations are scheduled to close in the Western United States, and none are scheduled to close in the Northeast.

Regis Corporation has said that it is closing these locations because they are not profitable. In a statement, the company said that it “continues to focus on improving profitability in our salons by aggressively managing costs and realigning our business to current market demands.” It is unclear exactly how many employees will be affected by these closures, but Regis Corporation has said that it plans to offer “transition assistance” to those who lose their jobs.

The news of Regis Corporation’s closures comes at a time when the hair salon industry is facing some major challenges. According to a report from IBISWorld, the industry is expected to grow at a rate of only 1.8% annually between 2016 and 2021. This is down from the 3.2% growth rate that the industry saw between 2011 and 2016. One of the main reasons for this slowdown is the rise of at-home hair care products and services.

Despite these challenges, Regis Corporation is not the only hair salon company that is struggling. In fact, several major players in the industry have filed for bankruptcy in recent years. These companies include Great Clips, Inc., Supercuts, Inc., and Sport Clips, Inc.

It is unclear what the future holds for the hair salon industry. However, it is clear that Regis Corporation is not doing well, and that it is planning to close down a large number of its locations.

When did Regis close?

Regis Corporation, a hair salon and beauty supply chain, announced it would be closing all of its stores by the end of March 2019.

The company, which is based in Minnesota, filed for Chapter 11 bankruptcy in February. At the time of the bankruptcy filing, Regis had more than 1,700 stores in 17 countries.

In a statement released in February, Regis said it planned to close all of its stores in the U.S., Canada and Puerto Rico. The company said it would continue to operate its international stores.

Regis began closing stores in early March. The last U.S. store closed on March 31, 2019.

Who bought out Regis Salon?

Regis Corporation, a hair salon and beauty products company, announced on Monday that it had agreed to sell its Regis Salon business to private equity firm The Carlyle Group.

The move comes as Regis Corporation looks to focus on its other businesses, which include haircare products under the brands of Matrix, Biolage, and Mizani, as well as retail hair salons under the Supercuts and Cost Cutters brands.

The Carlyle Group is a Washington, D.C.-based private equity firm that has more than $178 billion in assets under management.

Terms of the deal were not disclosed.

The Regis Salon business, which is based in St. Louis, Missouri, employs more than 8,000 people and operates more than 1,100 hair salons across the United States, Canada, and Puerto Rico.

“The sale of our Regis Salon business is an important step in our ongoing efforts to focus on our core businesses and to drive long-term profitable growth,” said Dan Hynes, Regis Corporation’s president and CEO, in a statement.

“We are pleased to have partnered with The Carlyle Group, a leading global private equity firm, to sell Regis Salon. This transaction provides liquidity to our shareholders and is a positive outcome for our employees, who will benefit from Carlyle’s significant resources and expertise in the beauty industry.”

The Carlyle Group said in a statement that it was “excited to partner” with Regis Corporation and that it planned to grow the Regis Salon business.

“The Carlyle Group is excited to partner with Regis Corporation and to invest in the Regis Salon business,” said Kewsong Lee, Carlyle Group’s head of global buyouts, in a statement.

“We believe in the power of the Regis Salon brand and its talented team of professionals, and we are committed to growing the business and providing best-in-class service and products to its customers. We look forward to working with the Regis Salon team to continue to build the business and create value for all stakeholders.”

What salons does Regis Corporation own?

Regis Corporation is a hair salon company that owns a number of different salon brands, including Supercuts, MasterCuts, Regis Salons, and more. The company has more than 18,000 salons in more than 30 countries. Regis Corporation is headquartered in Minnesota and was founded in 1945.

Are Regis and Supercuts the same company?

Are Regis and Supercuts the same company? This is a question that has been asked by many people over the years. The answer, however, is a bit complicated.

Supercuts is a franchise that is owned by Regis Corporation. However, each individual Supercuts location is independently owned and operated. This means that there is no one answer to this question. Some Supercuts locations are owned by Regis Corporation, while others are not.

The important thing to remember is that Regis Corporation does not own all Supercuts locations. This can be confusing, especially since the two brands are often marketed together. However, it is important to remember that they are not the same company.

When did Regis buy Supercuts?

In 2001, Regis Corporation, a leading global hospitality company, acquired Supercuts, a hair salon franchise with over 2,000 locations across the United States. At the time of the acquisition, Supercuts was the largest hair salon chain in North America.

The acquisition was a strategic move by Regis Corporation to expand its portfolio of services and offerings to its customers. Supercuts offered a nationwide network of hair salons that provided high-quality haircuts at an affordable price. Additionally, the Supercuts brand was well-recognized and highly-regarded by consumers.

Since the acquisition, Regis Corporation has continued to grow the Supercuts brand. Today, there are over 3,000 Supercuts locations worldwide. The Supercuts brand remains a key pillar of the Regis Corporation portfolio and continues to provide high-quality haircuts at an affordable price.

How many Regis locations are there?

There are over 1,000 Regis locations in the United States.

Who is the richest salon owner?

There is no one-size-fits-all answer to this question, as the richest salon owner will vary depending on the size and scope of their business. However, there are a few salon owners who stand out as being particularly wealthy.

One of the richest salon owners in the world is John Paul DeJoria, the co-founder of John Paul Mitchell Systems. DeJoria started out his career as a street merchant, and he has since built a fortune of $2.9 billion.

Another wealthy salon owner is Vidal Sassoon, who started out as a hair stylist in London in the 1950s. Sassoon eventually opened his own salon, and he became a leading figure in the hair industry. He was reportedly worth $100 million at the time of his death in 2012.

Finally, there is Farouk Shami, the founder of Farouk Systems. Shami started out as a hair stylist in his native Lebanon, and he eventually moved to the United States, where he founded his own company. Shami is reportedly worth $750 million.