Why did Regis Salon close?

Why did Regis Salon close?

Hair salon operator Regis Corp. RGS, +5.45% said Tuesday it has temporarily closed all of its company-owned sales for at least two weeks, citing continuing uncertainties around the COVID-19 pandemic.

Are Regis and Supercuts the same company?

Supercuts is a wholly owned subsidiary of Regis Corporation, which also owns Regis Salons, Mia & Maxx, MasterCuts, Cost Cutters, SmartStyle, and First Choice Haircutters in the United States and Canada.

What is going on with Regis Corporation?

Regis has been losing money for years due to a number of unprofitable salons. Hair salon operator Regis Corp. has engaged bankers from Jefferies Group LLC for a debt refinancing effort, according to people familiar with the matter, as the company struggles with a long earnings slump worsened by the Covid-19 pandemic.

Who owns Regis Corporation?

Curtis Squire Inc.
Regis Corp. was merged into Regis Acquisition Corp., a subsidiary of Curtis Squire Inc., a venture capital firm controlled by the Myron Kunin family. The company incurred $113 million in debt to finance the buyout, pay a $33 million cash dividend to Curtis Squire, and purchase the Essanelle Salons.

Who bought Regis Salons?

In October 2017 Regis Corporation sold its Regis Salons, MasterCuts, and UK Supercuts to The Beautiful Group.

Is SmartStyle owned by Regis?

SmartStyle is proudly owned and operated by Regis Corporation, the largest owner and leading operator of hair salons in the world.

How many Regis salon locations are there?

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 Saint Louis Park, Minnesota.

What does the word Regis mean?

of the king
Regis, Latin for “of the king”, occurs in numerous English place names. The name usually recalls the historical ownership of lands or manors by the Crown.

Where can I use my Regis gift card?

You can use your Regis Gift Card to buy salon services or hair and beauty products in any of our high street salons. Unfortunately not available to redeem in any of our department store salons and cannot currently be redeemed online.

Can you use a Walmart gift card at the hair salon?

Gift cards may be used toward any service including women’s haircuts, men’s haircuts, kids’ haircuts, color services, perms, styling, and waxing.

Who bought out BoRics?

The Regis Corporation
The Regis Corporation, the world’s leading owner and franchiser of hair salons, said yesterday that it had bought 328 BoRics salons to increase its presence in the Chicago, Detroit and Pittsburgh markets.

Does Regis mean Royal?

It is a similar process for towns that have the Latin suffix “Regis”, meaning “of the king” or “belonging to a king”, says the Cabinet Office. It is the monarch’s decision and in the past it has usually been bestowed on towns frequented by royalty or where they have convalesced.

How can I turn my Walmart gift card into cash?

Nonreturnable; not for resale. Notwithstanding anything contained in these Terms and Conditions, Walmart plastic Gift Cards and eGift Cards (“Walmart Gift Cards”) are not returnable or refundable for cash except in states where required by law. Resale of Walmart Gift Cards is strictly prohibited.

Is Cost Cutters owned by Regis?

Cost Cutters Family Hair Care started operations in 1982 and now has more than 600 branches throughout the United States. It is part of the Regis Corporation, which is one of the largest hair salon chains in the world.

What is the name Regis?

What is the meaning of the name Regis? The name Regis is primarily a male name of Latin origin that means Ruler, Kingly. Regis Philbin, TV host/actor.