TIME INC. ANNOUNCES SALE OF ICONIC SUNSET BRAND TO REGENT

MINNEAPOLIS, October 2, 2017 -- Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, today announced it has sold substantially all of its mall-based salon business in North America and entered into an agreement to sell substantially all of its International segment to The Beautiful Group, an affiliate of Regent, who will operate them as the Company’s largest franchisee.

REGENT ACQUIRES INTERNATIONAL SALON BUSINESS FROM REGIS CORPORATION - BECOMES WORLD'S LARGEST OPERATOR OF LUXURY SALONS

Los Angeles, CA – October 30, 2017 - Following the acquisition of Regis Corporation’s (NYSE: RGS) North American mall-based salon business, The Beautiful Group (an affiliate of Regent LP) has completed the acquisition of the Regis International segment which includes 250 Regis and Supercuts salons in the United Kingdom. 

REGIS ANNOUNCES SALE AND SUBSEQUENT FRANCHISE OF SUBSTANTIALLY ALL OF ITS MALL-BASED SALONS AND U.K. BUSINESSES

MINNEAPOLIS, October 2, 2017 -- Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, today announced it has sold substantially all of its mall-based salon business in North America and entered into an agreement to sell substantially all of its International segment to The Beautiful Group, an affiliate of Regent, who will operate them as the Company’s largest franchisee.