More than 2,000 Sally Beauty stores will become part of the Regis Corporation.
Alberto-Culver Company has made a $2.6 billion agreement to spin-off Sally Beauty Company, one of the biggest marketers of professional beauty supplies, and merge it with Regis Corporation, a global leader in beauty salons, hair restoration centers, and beauty education. The agreement will combine Sally Beauty Company’s 2,419 Sally Beauty Stores, 822 Beauty System Group outlets, and 1,244-person direct sales force with Regis’ 10,952 beauty salons, operated under brand names such as Regis and Supercuts, 90 hair restoration centers, and 35 beauty education schools.
Alberto-Culver manufacturers, distributes, and markets leading personal care products, including Alberto VO5, St. Ives, and Nexxus in the United States and internationally.
The transaction is expected to be completed in late spring or early summer of 2006.
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