Supercuts® to Enter India Market Through Master Franchise Agreement
- Entering Indian market with a strategic Master Franchise Agreement
- Expecting to open at least 100 salons in the first five years
- Opportunity for long-term growth in India
- None.
Master Franchise Agreement to develop a minimum of 100 new salons opening across
With more than 2,000 locations across the
Neeru Jain Wadhwa, CEO, and Alok Wadhwa, President of Ravishing Style, shared: "Supercuts is poised to offer a differentiated customer experience for the Indian market. Rooted in Supercuts tradition, we anticipate rolling out a comprehensive salon experience, featuring expert haircuts, masterful coloring, highlights, hair spa treatments, rejuvenating facials, nail services, professional makeup application, and exclusive Indian bridal services. Our commitment to superior quality and customer satisfaction will shine through in every service."
Matthew Doctor, President and Chief Executive Officer of Regis Corporation, emphasized, "This agreement marks an important milestone in Regis Corporation's growth strategy.
"Regis remains committed to partnering with skilled operators equipped for international expansion," said Michael Ferranti, Chief People Officer of Regis. "We will continue to seek out and respond to interested parties as we look to take our established brands to more markets with growth potential."
About Regis Corporation
Regis Corporation (NYSE:RGS) is a leader in the haircare industry. As of June 30, 2023, the Company franchised or owned 4,863 locations. Regis' franchised and corporate locations operate under concepts such as Supercuts®, SmartStyle®, Cost Cutters®, Roosters® and First Choice Haircutters®. For additional information about the Company, including a reconciliation of certain non-GAAP financial information and certain supplemental financial information, please visit the Investor Information section of the corporate website at www.regiscorp.com.
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the ability of Ravishing Style to develop, open and successfully operate salons in
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REGIS CORPORATION:
Kersten Zupfer
investorrelations@regiscorp.com
Source: Regis Corporation