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.
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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.

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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.

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