REGIS CORPORATION


Associated tags: Regis Corporation, Supercuts, Chicken, Corporation, RGS, Retail, Cosmetics, Women, Consumer, Fashion, NYSE, Men, Family, Teens, Bridal

Locations: UNITED STATES, NORTH AMERICA, MINNESOTA

Regis Corporation Announces Leadership Transition

Retrieved on: 
Tuesday, September 8, 2020

The Board has elected Daniel Beltzman, current Regis Director, to the role of Chairman of the Board, also effective upon Mr. Sawyers retirement.

Key Points: 
  • The Board has elected Daniel Beltzman, current Regis Director, to the role of Chairman of the Board, also effective upon Mr. Sawyers retirement.
  • Mr. Sawyer will remain with Regis as an executive advisor through September 2021 to support the transition.
  • Ms. Gambale concluded, We are pleased that Daniel Beltzman is stepping into the Chairman role, reflecting the depth of talent on Regis Board and our commitment to Regis continued transformation.
  • Regis Corporation (NYSE:RGS) is a leader in beauty salons and cosmetology education.

Regis to Issue Fourth Quarter Results on August 31, 2020

Retrieved on: 
Thursday, August 27, 2020

Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology-enabled hair salons, will issue financial results for the fourth fiscal quarter ended June 30, 2020 before the market opens on August 31, 2020.

Key Points: 
  • Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology-enabled hair salons, will issue financial results for the fourth fiscal quarter ended June 30, 2020 before the market opens on August 31, 2020.
  • Following the release, the Company will host a presentation via webcast for investors beginning at 9:00 a.m. Central time to discuss corporate developments and financial results.
  • As of March 31, 2020, the Company franchised, owned or held ownership interests in 7,026 worldwide locations.
  • Regis' franchised and corporate locations operate under concepts such as Supercuts, SmartStyle, Cost Cutters, Roosters and First Choice Haircutters.

Regis Announces Additional G&A Reductions, Significant Progress in Salon Re-openings and Continued Progress in Its Transition to a Fully Franchised Model

Retrieved on: 
Monday, July 6, 2020

The Companys ongoing transformation to a franchise platform enabled it to take further steps to eliminate administrative costs and personnel.

Key Points: 
  • The Companys ongoing transformation to a franchise platform enabled it to take further steps to eliminate administrative costs and personnel.
  • These additional restructuring actions are expected to result in nearly $6.0 million of annualized general and administrative expense savings.
  • As of July 1st, 88% of franchise salon locations were open and 68% of company-owned salons were open.
  • Regis franchised and corporate locations operate under concepts such as Supercuts, SmartStyle, Cost Cutters, Roosters and First Choice Haircutters.

Regis to Issue Second Quarter Results on June 18, 2020

Retrieved on: 
Thursday, June 11, 2020

Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, will issue financial results for the third fiscal quarter ended March 31, 2020 before the market opens on June 18, 2020.

Key Points: 
  • Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, will issue financial results for the third fiscal quarter ended March 31, 2020 before the market opens on June 18, 2020.
  • Following the release, the Company will host a presentation via webcast for investors beginning at 9:00 a.m. Central time to discuss corporate developments and financial results.
  • To participate in the live webcast, interested parties can log in to www.regiscorp.com , or participate via telephone by dialing (800) 458-4121 and entering access code 5153028.
  • Regis' franchised and corporate locations operate under concepts such as Supercuts, SmartStyle, Cost Cutters, Roosters and First Choice Haircutters.

Regis® Works with Infectious Disease Specialists at the University of Minnesota Medical School to Enhance Customer and Stylist Safety Measures for Salon Operations

Retrieved on: 
Wednesday, June 3, 2020

Regis initiated a rigorous review of each step in the customer journey from the time the consumer leaves their car through the entire salon service up until the moment the customer leaves the salon.

Key Points: 
  • Regis initiated a rigorous review of each step in the customer journey from the time the consumer leaves their car through the entire salon service up until the moment the customer leaves the salon.
  • Franchised and company-owned salons have incorporated these recommendations, along with any state specific guidelines, into the relaunch of salons and continuing operations.
  • The Company is safely opening salons at a fast pace and currently has approximately 3,000 salons open across their fleet.
  • COVID-19 has reinforced that customer and stylist safety is not just important, it is paramount.

Regis Corporation Announces Successful Amendment to Revolving Credit Facility

Retrieved on: 
Monday, May 18, 2020

Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, announced today that it successfully amended its $295 million revolving credit facility that expires in March 2023.

Key Points: 
  • Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, announced today that it successfully amended its $295 million revolving credit facility that expires in March 2023.
  • Kersten Zupfer, Executive Vice President and CFO stated, This transaction represents an important step in aligning the Companys credit facility with its strategic plan.
  • The amendment gives the Company flexibility to manage the business through its strategic transformation, as well as, the uncertainty generated by the COVID-19 global pandemic.
  • Regis Corporation (NYSE:RGS) is a leader in beauty salons and cosmetology education.

Regis Takes Immediate Action to Mitigate COVID-19 Impact

Retrieved on: 
Thursday, March 19, 2020

Taking into account Regiss existing cash balance of approximately $61 million and the $183 million credit facility draw, Regis maintains approximately $244 million of liquidity at this time.

Key Points: 
  • Taking into account Regiss existing cash balance of approximately $61 million and the $183 million credit facility draw, Regis maintains approximately $244 million of liquidity at this time.
  • Regis is hopeful this will enable our franchisees, many of whom are small business owners, to address potential hardships during this national emergency.
  • Requested that all non-essential personnel at our office locations work remotely utilizing remote technologies the company launched several months ago.
  • Regis' franchised and corporate locations operate under concepts such as Supercuts, SmartStyle, Cost Cutters, Roosters and First Choice Haircutters.

Michigan-Based Vision Growth Partners to Become Largest Supercuts® Franchisee in Midwest

Retrieved on: 
Tuesday, September 4, 2018

Vision Growth Partners, a lower end, middle-market private equity company, and the managing partner of Super C Group, is led by Michael Sarafa.

Key Points: 
  • Vision Growth Partners, a lower end, middle-market private equity company, and the managing partner of Super C Group, is led by Michael Sarafa.
  • These acquisitions will make the Super C Group the largest Supercuts franchisee in the Midwest.
  • Vision Growth Partners is a lower, middle-market private equity company, and the managing partner of Super C Group.
  • Vision Growth Partners invests in companies on a trajectory of growth that it can help scale operationally.