Skip to main content

Regis sells Hair Club for Men and Women to Japanese firm

For Edina-based Regis, the deal will help it concentrate on its core salon businesses which include Supercuts and MasterCuts. The company also shed some other non-core assets of late, the Star Tribune points out. In April Regis announced that it was selling its minority stake in Europe's biggest hair salon company, Provalliance.
  • Author:
  • Updated:
    Original:

For Edina-based Regis, the deal will help it concentrate on its core salon businesses which include Supercuts and MasterCuts. The company also shed some other non-core assets of late, the Star Tribune points out. In April Regis announced that it was selling its minority stake in Europe's biggest hair salon company, Provalliance.

Next Up

Screen Shot 2022-06-26 at 10.02.59 AM

North Dakota's only abortion clinic relocating to Minnesota

A GoFundMe set up to help the clinic make the move to Minnesota has surpassed its $500,000 goal.

Screen Shot 2022-06-26 at 12.37.03 PM

Deadly vehicle fire on Interstate 94 west of Fargo

The victim's age and name have not been released.

flickr - gov tim walz - mn senate dfl

Overturning Roe v. Wade won't do a 'damn thing' to prevent abortions, Walz says

Gov. Tim Walz signed an executive order Saturday meant to protect abortion access in the state and people who come from out of state seeking one.

ambulance

Man crossing Highway 13 in Burnsville fatally struck by driver

The victim is a 31-year-old man from Prior Lake.

Screen Shot 2022-06-26 at 7.50.33 AM

4 shot near Stone Arch Bridge in Minneapolis

The shooting happened around 11 p.m. Saturday.

Screen Shot 2022-06-25 at 7.55.28 PM

Charges: Cop feared for his life during struggle for gun with suspect

Allen Denzel Oliver-Hall has been charged with second-degree assault with a dangerous weapon.

Burnsville, Minnesota - May 2019 (2)

Shootout near Erik's Bike Shop, Lunds & Byerlys in Burnsville

Police say youths were shooting at each other on Saturday afternoon.

minnesota river

Fishermen find body floating in Minnesota River in Shakopee

The body was found upstream from Minnesota River Heritage Park.

Related

Regis Corp. plans to trim hair salons and brands

The new Chief Operating Officer told the Star Tribune the Edina-based company will close less than 10 percent of its 7,500 company-owned stores. An exact figure or locations were not disclosed. Regis also plans to eliminate half of its 50 brand names and convert most of the affected salons. The struggling company wants to reduce costs and simplify its business model.

Regis lays off 110 workers; stock rises as profits beat forecasts

Edina-based Regis laid off about 15 percent of its corporate workforce, according to the Business Journal. The hair salon operator also posted higher-than-expected profits.

Regis loses nearly $64M in 4Q

The troubled Edina-based hair salon operator reported it lost $63.6 million in the fourth quarter because of a hefty impairment charge and fewer customers, the Twin Cities Business reports. Excluding non-operational items, Regis earned 40 cents per share, topping Wall Street estimates of 31 cents.

Regis 4Q sales drop 4 percent

This is the 16th consecutive quarter in which same-store sales declined for the troubled Edina-based hair salon, the Star Tribune reports. Earnings will be disclosed when the full report is released next month. In a statement, interim Regis CEO Eric Bakken wrote, "Meaningful change is underway at Regis, and, as we look forward to fiscal 2013, we expect these changes will drive improvement in our same-store sales results."

Regis Corp. hires new president and CEO

The struggling Edina-based hair care giant has chosen Royal Caribbean Cruises executive Daniel Hanrahan as its new chief executive officer. Hanrahan will join Regis Corporation on August 6. Most recently, he was president and CEO of the Celebrity Cruise brand. Interim COO Eric Bakken was tapped to serve as interim CEO of Regis earlier this month.

Regis Corp. taps Bakken to serve as interim CEO

Eric Bakken will serve as its interim chief executive officer while the Edina-based hair-care company continues its search, Twin Cities Business reports. Bakken already serves as chief operating officer, executive vice president, general counsel, and business development officer.

1024px-Regis_Salon_Briarwood

Edina's Regis to sell remaining 3,108 company-owned hair salons

The haircare company will go to a fully franchised portfolio.

Best Buy sells Napster

Napster will be merged with Rhapsody -- creating the largest on-demand music service in the U.S. The Richfield-based electronics retailer will receive a minority stake in the company.