On October 2, 2017, Regis Corporation announced it has sold substantially all of its mall-based salon business in the United States, Canada and the United Kingdom to The Beautiful Group, an affiliate of Regent Corporation, who will operate them as the Company’s largest franchisee.
This transaction includes 858 of the Regis Corporation’s mall-based Regis Salons and MasterCuts locations in North America, as well as the intellectual property related to MasterCuts and certain other trade names. The transaction also includes the Company’s 250 Regis Salons and Supercuts salons in the U.K.
Regis Corporation is an American operator of hair salons, and the largest such chain in the world, with over 10,000 salons. It has its headquarters in Edina, Minnesota.
Osler, Hoskin & Harcourt LLP represented Regis Corporation with a team consisting of Andraya Frith, Dominic Mochrie, Christine Jackson (Franchise), Kelly Moffatt (Intellectual Property), John Valley (Corporate), Paul Morassutti (Real Estate), Alan Kenigsberg and Jennifer Horton (Tax).