Regis Buys Beauty School Chain

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Minneapolis-Regis Corp., which owns several hair salons including Supercuts, Cost Cutters and First Choice Haircutters, has expanded its hair-care activities into the beauty-school business by buying the Blaine Beauty Career Schools chain. Blaine is a Boston-based company operating six schools in Massachusetts.

Regis said it expects Blaine to add $13 million in annualized revenue and add one penny per share to Regis' earnings in fiscal 2005.

Regis has completed 293 acquisitions in the past 10 years, adding more than 7,400 salons. It had a $25.6 million profit on $481.4 million in sales in the first quarter of this year.

 

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur