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March 15, 2000|Bloomberg News

* Regis Corp., the world's largest hair salon company, bought 184 salons in 11 transactions, including the Haircrafters and Great Expectations franchises. Terms weren't disclosed. The owner and franchiser of more than 5,500 hair salons, including Supercuts, Trade Secret and MasterCuts, said the shops will add about $9 million in annual revenue, 10% of which is royalty income. Regis has bought 3,470 salons in 158 transactions in the last 6 1/2 years. The Minneapolis-based company had sales of $1.5 billion last year. Regis shares fell 19 cents to close at $14.50 on Nasdaq.

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