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Aderans picks up the business for $163.5 million.
April 10, 2013
By: TOM BRANNA
Regis Corporation has completed the sale of its ownership interest in Hair Club for Men and Women for $163.5 million. In July, the company announced the signing of a definitive agreement to sell its ownership interest in Hair Club for Men and Women to Aderans Co., Ltd. “The completion of the Hair Club transaction along with the previously completed sale of Regis’ stake in Provalliance represents significant progress Regis has made towards simplifying our business. We continue to focus on improving the guest experience in our salons and enhancing shareholder value,” said Dan Hanrahan, president and chief executive officer.
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