Printer Friendly

Regis Acquires Eight Salons; Company Continues Acquisition Strategy

MINNEAPOLIS, Nov. 25 /PRNewswire/ -- Regis Corporation (Nasdaq: RGIS) today announced the acquisition of eight beauty salons. Of the eight salons, five are in Nashville, Tennessee, and three are in the Tri-Cities of Johnson City, Tennessee; Kingsport, Tennessee; and Bristol, Virginia. The acquired salons generate approximately $2.5 million in annual sales and will operate within the company's Trade Secret division.

"This is a wonderful acquisition, both in terms of return on our investment and growth opportunities," said Paul Finkelstein, president and CEO of Regis Corporation. "It also provides the Trade Secret division a significant entry into the growing Nashville market."

Including these transactions, Regis has completed 50 acquisitions in the past 35 months, adding 494 salons and approximately $121 million in annual sales.

Regis Corporation, based in Minneapolis, is the largest owner, operator and franchisor of hair and retail product salons in the world. Regis currently operates and franchises 3,185 salons in six divisions (Regis Hairstylists, SuperCuts, MasterCuts, Trade Secret, Wal-Mart, and International) and has more than 25,000 employees worldwide.

SOURCE Regis Corporation
 -0- 11/25/96


/CONTACT: Paul D. Finkelstein, Frank E. Evangelist or Randy L. Pearce of Regis, 612-947-7000; or David Walke, June Filingeri or Melissa Garelick, or Press: Leslie Feldman or Suzanne Miller of Morgen-Walke Associates, 212-850-5600/

(RGIS)

CO: Regis Corporation ST: Minnesota IN: REA SU: TNM

MP -- NYM072 -- 3609 11/25/96 10:10 EST http://www.prnewswire.com
COPYRIGHT 1996 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 25, 1996
Words:235
Previous Article:Mayflower Bank Reports 20% Increase in Second Quarter Earnings and Declaration of Dividend
Next Article:'1997, A Muni New Year!' A Report by James J. Cooner, Senior Vice President, Bank of New York, Tax-Exempt Bond Management Department
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters