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Stock impact report

Regis Announces a Transaction Involving Certain Salons Operating Under the Regis® and Mastercuts® Brands

Regis Corporation (RGS) 
Last regis corporation earnings: 2/3 05:27 pm Check Earnings Report
US:NYSE Investor Relations: regiscorp.com/investor/default.asp
Company Research Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, today announced that The Beautiful Group (TBG) transferred back to Regis approximately 200 mall-based salons operating primarily under the Regis and Mastercuts brands that TBG previously acquired from Regis. As part of the transfer, TBG also transferred back the Mastercuts brand and other ancillary brands, and Regis terminated its remaining agreements with TBG, including its licenses of the Regis brand to TBG. The transferred salons are locations where Regis has continuing obligations under real estate leases. The transfer was effected in connection with an assignment for the benefit of creditors by TBG.“We are pleased to welcome back the many talented stylists serving customers in these salons,” commented Eric Bakken, Executive Vice President, President – Franchise of Regis Corporation. “We bel Show less Read more
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