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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/


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

MP -- NYM072 -- 3609 11/25/96 10:10 EST
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Publication:PR Newswire
Date:Nov 25, 1996
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