Regis continues transition to franchised model with restructuring measures
American hair salons operator Regis has completed additional restructuring actions to improve its financial performance, following its ongoing transformation to a fully franchised business model.
Regis noted that the transition has allowed it to take further steps to eliminate administrative costs and personnel. These additional restructuring actions are anticipated to deliver around $6m of annualised general and administrative expense savings to the company.
Regis said it has remov...