Regis Corporation, the global leader in the $150 billion hair care industry announced the acquisition of Fiesta Hair Salons, a well-established chain of 175 company-owned salons located primarily in Ohio. This transaction closed June 19, 2007 and is expected to add $44 million in annualized revenue.
“We are excited to announce the acquisition of Fiesta Salons,” commented Paul D. Finkelstein, chairman and chief executive officer. “We have admired the Fiesta operations for many years and the Jones family has built a terrific business that is known for high quality and value. This acquisition gives a great start heading into our fiscal year 2008.”
Regis Corporation is the beauty industry's global leader in salons, hair restoration centers and education. As of March 31, 2007, the Company owned or franchised 11,773 worldwide locations; which included 11,627 beauty salons, 90 hair restoration centers and 56 beauty schools operating under concepts such as Supercuts, Jean Louis David, Vidal Sassoon, Regis Salons, MasterCuts, Trade Secret, SmartStyle, Cost Cutters and Hair Club for Men and Women.
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