Regis Announces Transaction With Empire Education Group
Summary
MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, today announced a transaction with Empire Education Group (EEG), an operator of accredited cosmetology schools. This agreement designates Regis franchised and company-owned salons as the favored employers for students graduating from Empire cosmetology schools. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to be completed in Regis’ fourth quarter of fiscal 2020. “These agreements de-complicate and de-risk our business enabling us to focus on our ongoing strategic transformation while preserving and enhancing the essential value we derive from our relationship with Empire Education,” commented Amanda Rusin, Senior Vice President & General Counsel. However, your attention is directed to any further disclosures made in our subsequent annual and periodic reports filed or furnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements on Schedule 14A.