Regis Corporation Partners with The Entrepreneur's Source To Expand Nine Franchise Brands
September 08 2009 - 11:53AM
PR Newswire (US)
SOUTHBURY, Conn., Sept 8 /PRNewswire/ -- Minnesota-based Regis
Corporation (NYSE:RGS), the worldwide leader in the $170 billion
hair-care industry, has entered into an agreement with The
Entrepreneur's Source, the nation's premier franchise coaching
firm. With 250 franchise business coaches to act as referral
sources, The Entrepreneur's Source (TES) will support Regis
Corporation's expansion goals for nine franchised salons including
Supercuts, Cost Cutters, Cool Cuts 4 Kids, First Choice
Haircutters, Magicuts, Pro-Cuts, City Looks, Raze and Beauty Supply
Outlet. "We're proud to be associated with such a powerful brand
and a leader in the global franchise industry," said Terry Powell,
CEO of FranchisEsource Brands International (FSBI), parent company
for TES. "Our franchise business coaches are well-positioned to
further expand the Regis Corporation's franchise brands through our
7,000 monthly inquiries from aspiring business owners looking for a
solid business investment opportunity." Headquartered in
Minneapolis, Minnesota, Regis Corporation is the beauty industry's
global leader in beauty salons, hair restoration centers and
cosmetology education. The Company owns, franchises or holds
ownership interest in over 12,900 worldwide locations. "We are
looking forward to working with The Entrepreneur's Source to
promote the investment opportunities of Regis' franchise brands,"
said Alan Storry, vice president of franchise development for Regis
Corporation. "We have an aggressive targeted growth objective,
including double-digit revenue expansion through same-store sales
increases, new salon construction and acquisition. As a leader in
franchise business coaching, The Entrepreneur's Source is an ideal
partner to help us reach these goals." For the past 25 years, TES
has been of service to individuals seeking the entrepreneurial
dream of business ownership. During that time, TES franchise
business coaches have helped tens of thousands of individuals
become franchise business owners while achieving financial freedom
through Income, Lifestyle, Wealth and Equity. About The
Entrepreneur's Source (E-Source) The Entrepreneur's Source is North
America's leading career and franchise Business Coaching Company
dedicated to the entrepreneur with more than 230 offices in the
United States and Canada. With its unique E-Source Coach Advantage,
E-Source and partnership with E-Myth Worldwide , TES offers a full
range of services to individuals seeking alternate career options
and to franchise businesses looking to increase performance. Today,
E-Source, along with AdviCoach, dominates the $1.5 billion dollar
Business Coaching/Consulting franchise market with 33 percent
market share in North America. Additional news about E-Source, and
other FSBI international brands, can be found on
(http://www.franchisenewsroom.com/). Follow our CEO's ongoing Blog
discussions on franchising by going to franchise blog. About Regis
Corporation Regis Corporation (NYSE:RGS) is the beauty industry's
global leader in beauty salons, hair restoration centers and
cosmetology education. As of June 30, 2009, the Company owned,
franchised or held ownership interests in over 12,900 worldwide
locations. Regis' corporate and franchised locations operate under
concepts such as Supercuts, Sassoon Salon, Regis Salons,
MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair
Club for Men and Women. In addition, Regis maintains an ownership
interest in Provalliance, which operates salons primarily in
Europe, under the brands of Jean Louis David, Franck Provost and
Saint Algue. Regis also maintains ownership interests in Empire
Education Group in the U.S. and the MY Style concepts in Japan.
System-wide, these and other concepts are located in the U.S. and
in over 30 other countries in North America, South America, Europe,
Africa and Asia. Regis also maintains a 49 percent ownership
interest in Intelligent Nutrients, a business that provides a wide
variety of certified organic products for health and beauty. For
additional information about the company, including a
reconciliation of non-GAAP financial information and certain
supplemental financial information, please visit the Investor
Information section of the corporate website at
http://www.regiscorp.com/. Contact Cynthia L. Schick (908) 236-2989
(http://www.franchisenewsroom.com/) DATASOURCE: The Entrepreneur's
Source CONTACT: Cynthia L. Schick, +1-908-236-2989, for The
Entrepreneur's Source Web Site: http://www.esourcecoach.com/
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