What began as one hair salon almost 100 years ago has grown into a multibillion-dollar corporation committed to making people look and feel beautiful.
In 1922, Paul and Florence Kunin opened Kunin Beauty Salon, which quickly expanded into a chain of value-priced salons located in department stores. Their son Myron bought the chain in 1958 and changed the company name to Regis. Myron saw the retail trend move toward the convenience of mall shopping and began to move the salons out of department stores to freestanding operations in enclosed shopping malls.
With the acquisition of Supercuts in 1996, Regis Corporation expanded into strip centers and street locations, and also became a major force in franchising.
During the next few years, there were numerous acquisitions as the company continued to expand in the U.S., Canada, and the U.K.
In 2007, in order to further facilitate the growth of the beauty school business, the company merged its accredited cosmetology schools with Empire Education Group, Inc., creating the largest beauty school operator in North America. Regis maintains a 55% ownership interest in the combined company.
Today, Regis Corporation (NYSE:RGS) is a leader in beauty salons and cosmetology education. The company owns, franchises, or holds ownership interests in more than 6,000 locations. Regis franchise locations operate under concepts including Supercuts®, SmartStyle®, Cost Cutters®, Roosters® and First Choice Haircutters®. Regis also maintains ownership interests in Empire Education Group.