This article needs additional citations for verification .(November 2009) |
Formerly | Kunin Beauty Salon |
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Company type | Public |
NYSE: RGS | |
Industry | Hair salon retail chain, beauty services |
Founded | Edina, Minnesota, US (1922) |
Founders |
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Headquarters | Minneapolis, Minnesota, US |
Number of locations | 5,839 |
Key people | Matthew Doctor (CEO) |
Products | |
Brands |
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Revenue | US$1.69 billion (2017) |
Number of employees | 2,446 (June 2021) |
Website | www |
Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota. [1]
The primary trade names Regis salons operates under are SmartStyle (located in Walmart stores), Supercuts (located in strip malls), Cost Cutters, First Choice Haircutters and Roosters Men's Grooming Center (Roosters).[ citation needed ]
Regis was founded in 1922 by Paul and Florence Kunin as Kunin Beauty Salon, and renamed Regis in 1958 by their son Myron who acquired the chain.
In 2005 the company acquired Hair Club for Men and Women, but sold it to the Japanese wigmaker Aderans in 2012. [2] The company recently sold all of its beauty schools to Empire Beauty Schools.
On January 10, 2006, Regis Corporation announced it would acquire the Sally Beauty Company business of Alberto-Culver. Sally has 2,419 Sally Beauty Supply stores and 822 Beauty Systems Group stores. However, on April 5, 2006, Alberto-Culver terminated the merger agreement and later Sally was spun off as a separate company.
Regis acquired a major competitor The Barbers, Hairstyling for Men & Women, Inc., which had previously brought the companies: The Cost Cutters,Family Hair Care,City Looks Salons International and We Care Hair. Other major acquisitions included Sassoon and HCUK. Regis sells Designline hair care products (2004) as well. In July 2010, Regis spun off Trade Secret, a shopping mall based hair care supply store. They announced they would be closing approximately 80 locations. Later, Trade Secret filed for Chapter 11 Bankruptcy protection, and closed all stores. [3]
In October 2017 Regis Corporation sold its Regis Salons, MasterCuts, and UK Supercuts to The Beautiful Group. [4] These salons became franchises keeping the same brand names.
At the end of December 2019 Regis terminated its franchise agreements with The Beautiful Group and took back 200 salons [5] with the stated intention of finding a new buyer. The remaining salons are to be shut down.
The Estée Lauder Companies Inc. is an American multinational cosmetics company, a manufacturer and marketer of makeup, skincare, perfume, and hair care products, based in Midtown Manhattan, New York City. It is the second largest cosmetics company in the world after L'Oréal. The company owns a diverse portfolio of brands, including La Mer, Jo Malone London, Clinique and Tom Ford Beauty, among many more, distributed internationally through both digital commerce and retail channels.
SuperValu, Inc., was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926. It is a wholly owned subsidiary of United Natural Foods (UNFI).
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Alberto-Culver was an American corporation with international sales whose principal business was manufacturing hair and skin beauty care products under such brands as Alberto VO5, Andrew Collnge, St. Ives, TRESemmé, FDS, Consort, Nexxus, Toni, and White Rain. It was a manufacturer in the multicultural beauty care market with such brands as Soft & Beautiful, Just For Me, Motions, and TCB. It was purchased by Unilever in 2010.
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Meadowood Mall is a one-level, 901,357-square-foot (83,738.8 m2) super-regional mall in Reno, Nevada, managed by Simon Property Group, which owns 50% of it. Meadowood Mall contains 125 retailers and restaurants and it is anchored by Macy's Women, Macy's Men/Home, JCPenney, and Dick's Sporting Goods.
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TRESemmé is an American brand of hair care products first manufactured in 1947 by the Godefroy Manufacturing Company in Manhattan, New York City, New York, United States. It was named after the renowned hair care expert Edna L. Emme. The brand name is a phonetic respelling of "beloved" that includes the surname of its namesake.
First Choice Haircutters is a Canadian hair salon company. The company originated with a single salon in London, Ontario, in 1980 and began franchising about 2 years later. First Choice Haircutters was purchased by Regis Corporation in October 2000. Currently, it has over 400 locations throughout Canada and the United States. It is a franchise company, and experienced system-wide sales of nearly $3 billion in 2007. First Choice Haircutters is a subsidiary of Regis Corporation, the largest hair salon chain in the world which also owns other concepts such as Supercuts, Vidal Sassoon, Cost Cutters and SmartStyle.
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Martha Matilda Harper was an American businesswoman, entrepreneur, and inventor who launched modern retail franchising and then built an international network of 500 franchised hair salons that emphasized healthy hair care. Born in Canada, Harper was sent away by her father when she was seven to work as a domestic servant. She worked in that profession for 25 years before she saved enough money to start working full-time producing a hair tonic she invented. The product, and the creation of special hair salons that utilized it, was successful. Harper began franchising the salon model to low-income women, and by its peak the company included more than 500 franchises and an entire line of hair care products.
Daniel J. Hanrahan is an American businessman. He was the chairman and CEO of Regis Corporation, the largest hair salon chain in the world, with over 10,000 salons, from August 2012 to April 2017.
Myron Kunin was an American businessman and art collector. He was the founder of the Regis Corporation. His collection of African art was auctioned by Sotheby's in 2014 for over US$40 million. The vast majority of his collection was 20th century American art, much of which is on display at the Minneapolis Institute of Art.
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