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BUSINESS
April 6, 2006 | From Bloomberg News
Alberto-Culver Co., maker of Alberto VO5 and Tresemme shampoos, said it may terminate a plan to sell more than 3,200 Sally Beauty supply stores to Regis Corp. for $2.78 billion because of concerns about Regis' financial outlook. Alberto-Culver's board agreed to withdraw its recommendation of the sale. Regis now has five business days to terminate the sale or decide it wants Alberto-Culver's shareholders to vote, Alberto-Culver said.
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BUSINESS
April 6, 2006 | From Bloomberg News
Alberto-Culver Co., maker of Alberto VO5 and Tresemme shampoos, said it may terminate a plan to sell more than 3,200 Sally Beauty supply stores to Regis Corp. for $2.78 billion because of concerns about Regis' financial outlook. Alberto-Culver's board agreed to withdraw its recommendation of the sale. Regis now has five business days to terminate the sale or decide it wants Alberto-Culver's shareholders to vote, Alberto-Culver said.
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BUSINESS
July 16, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
Regis Corp., seeking to exploit the fragmented hairstyling industry by acquiring other chains, said Monday that it has agreed to buy ailing Supercuts Inc. in a stock swap valued at $120 million. Regis already operates several groups of shopping-mall-based salons, and its proposed buyout of Supercuts--a pioneer of the discount haircut chain--fits its strategy of grabbing a bigger share of a market dominated by mom-and-pop outlets.
BUSINESS
August 14, 2003 | From Bloomberg News
Supercuts Inc., a U.S. chain of hair salons owned by Regis Corp., agreed to pay $3.5 million to end a government lawsuit that it discriminated against black employees, according to the U.S. Equal Employment Opportunity Commission. Minneapolis-based Supercuts was accused of refusing to hire or promote black workers and of firing some because of their race. As part of the settlement, people who applied for jobs or were fired or denied promotions in the company's eastern U.S.
BUSINESS
August 14, 2003 | From Bloomberg News
Supercuts Inc., a U.S. chain of hair salons owned by Regis Corp., agreed to pay $3.5 million to end a government lawsuit that it discriminated against black employees, according to the U.S. Equal Employment Opportunity Commission. Minneapolis-based Supercuts was accused of refusing to hire or promote black workers and of firing some because of their race. As part of the settlement, people who applied for jobs or were fired or denied promotions in the company's eastern U.S.
BUSINESS
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.
BUSINESS
June 8, 1988
C. B. Brennan has been elected chief financial officer of St. Regis Resources Corp., Culver City, which owns and operates oil wells in California. Brennan, 44, operated the consulting firm of Ciaran Brennan Corp. in Oklahoma City, providing oil and gas management, accounting and finance services.
BUSINESS
April 18, 1997 | Reuters
The Securities and Exchange Commission said it filed insider trading charges against the former chairman of Supercuts Inc., a San Francisco-based hair salon chain that has since merged with Minneapolis-based Regis Corp. David Lipson, 58, a Chicago merchant banker, could face nearly $2 million in penalties as a result of the alleged illegal trades, an agency official said. In its civil complaint filed in U.S.
CALIFORNIA | LOCAL
October 20, 1985
Bonds for Family Housing: The Orange County Board of Supervisors has issued $42 million in revenue bonds for multifamily rental housing. The money will finance construction of the Monarch Bay Apartments, a 450-unit rental housing project in Laguna Niguel. As part of the bond program, at least 20% of the new units must be made available to families earning no more than 80% of the county's median annual income, which is about $28,160. The new housing, to be developed by Regis Homes Corp.
BUSINESS
July 16, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
Regis Corp., seeking to exploit the fragmented hairstyling industry by acquiring other chains, said Monday that it has agreed to buy ailing Supercuts Inc. in a stock swap valued at $120 million. Regis already operates several groups of shopping-mall-based salons, and its proposed buyout of Supercuts--a pioneer of the discount haircut chain--fits its strategy of grabbing a bigger share of a market dominated by mom-and-pop outlets.
BUSINESS
July 30, 2003 | From Reuters
A California Bankruptcy Court has cleared the way for a group of investors to acquire Fantastic Sams, one of the largest U.S. hair-care franchises, for slightly more than $17 million from its debt-laden parent, Opal Concepts Inc., bankers involved in the deal said Tuesday. Cheveux Acquisition, a group formed by four entrepreneurs who own the New England franchise rights for Fantastic Sams, won the bankruptcy auction in Santa Ana.
BUSINESS
April 10, 2003 | Josh Friedman, Times Staff Writer
A group of regional franchise owners is entering the competition to gain control of the financially troubled hair-styling chain Fantastic Sams from its parent. Los Angeles-based investment bank Seidler Cos. said Wednesday that a consortium of "about 80%" of the chain's 36 regional owners from across the U.S. has hired it as an advisor in an effort to buy the assets of FS Concepts, a subsidiary of Anaheim-based Opal Concepts Inc. The consortium, known as FAS Co.
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