Market Overview

Regis Completes Sale of Ownership in Provalliance

Regis Corporation (NYSE: RGS), the global leader in the $160 billion hair
care industry, today announced the completion of the sale of its
ownership interest in Provalliance for 80 million EUR. “The sale of
Provalliance, along with our previously announced agreement to sell Hair
Club for Men and Women, represents significant progress in our
evaluation of non-core assets. We remain focused on our goals of
improving the guest experience in our salons and enhancing shareholder
value,” said Dan Hanrahan, President and Chief Executive Officer. On
April 13, 2012, the Company announced the signing of a definitive
agreement to sell its ownership interest in Provalliance to the Provost
family.

See full press release

Posted-In: News Guidance Asset Sales Management Global

 

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