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Regis ( (RGS) ) has provided an update.
Regis Corporation has acquired Alline Salon Group, its largest franchisee, for $22 million in cash and stock, with potential additional earn-out payments. The acquisition strengthens Regis’ operational footprint and provides a testing ground for brand initiatives, maintaining an asset-light model with most salons still franchisee-owned. This strategic move is expected to enhance Regis’ EBITDA and provide value creation opportunities, aligning stakeholder interests towards success.
More about Regis
Regis Corporation is a prominent player in the haircare industry with over 4,359 franchised or corporate locations operating under brands such as Supercuts, SmartStyle, Cost Cutters, Roosters, and First Choice Haircutters.
YTD Price Performance: 132.28%
Average Trading Volume: 47,550
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $50.1M
For detailed information about RGS stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
