Regis Completes Sale of Hair Club for Men and Women

  Regis Completes Sale of Hair Club for Men and Women

Business Wire

MINNEAPOLIS -- April 9, 2013

Regis Corporation (NYSE:RGS), a leader in the haircare industry, today
announced the completion of the sale of its ownership interest in Hair Club
for Men and Women for $163.5 million. "The completion of the Hair Club
transaction along with the previously completed sale of Regis' stake in
Provalliance represents significant progress Regis has made towards
simplifying our business. We continue to focus on improving the guest
experience in our salons and enhancing shareholder value," said Dan Hanrahan,
President and Chief Executive Officer. On July 16, 2012, the Company announced
the signing of a definitive agreement to sell its ownership interest in Hair
Club for Men and Women to Aderans Co., Ltd.

The pro forma effect of the sale on the December 31, 2012 balance sheet as
reported in our Form 10-Q for the quarter ended December 31, 2012 would be to
increase cash for $163.5 million, excluding closing adjustments and
transaction fees, remove current and long-term assets held for sale of $16.8
and $180.0 million, respectively, and current and long-term liabilities held
for sale of $16.5 and $28.8 million, respectively, resulting in an after-tax
gain of $12 million. The actual after-tax gain to be recognized by the Company
during the three months ended June 30, 2013 will be adjusted by the closing
adjustments and transaction fees.

About Regis Corporation
Regis Corporation (NYSE:RGS) is the beauty industry's global leader in beauty
salons and cosmetology education. As of December 31, 2012, the Company owned,
franchised or held ownership interests in approximately 10,000 worldwide
locations. Regis' corporate and franchised locations operate under concepts
such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost
Cutters and Cool Cuts 4 Kids. Regis maintains ownership interests in Empire
Education Group in the U.S. and the MY Style concepts in Japan. 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 To join Regis Corporation's email alert list, click on this

This press release may contain “forward-looking statements” within the meaning
of the federal securities laws, including statements concerning anticipated
future events and expectations that are not historical facts. The
forward-looking statements in this document reflect management’s best judgment
at the time they are made, but all such statements are subject to numerous
risks and uncertainties, which could cause actual results to differ materially
from those expressed in or implied by the statements herein. Such
forward-looking statements are often identified herein by use of words
including, but not limited to, “may,” “believe,” “project,” “forecast,”
“expect,” “estimate,” “anticipate,” and “plan.” In addition, the following
factors could affect the Company’s actual results and cause such results to
differ materially from those expressed in forward-looking statements. These
factors include the impact of management and organizational changes; the
Company’s dependence on same-store sales increases to increase revenue; the
impact on the Company of healthcare reform legislation; competition within the
personal hair care industry, which remains strong, both domestically and
internationally; price sensitivity; changes in economic conditions; changes in
consumer tastes and fashion trends; the ability of the Company to implement
its planned spending and cost reduction plan and to continue to maintain
compliance with financial covenants in its credit agreements; the Company’s
reliance on management information systems; successful deployment of
point-of-sale and guest relationship management systems; the ability of the
Company to retain and attract stylists; labor and benefit costs; legal claims;
the continued ability of the Company and its franchisees to obtain suitable
locations and financing for new salon development and to maintain satisfactory
relationships with landlords and other licensors with respect to existing
locations; governmental initiatives such as minimum wage rates, taxes and
possible franchise legislation; the ability of the Company to optimize its
brand portfolio and integrate salons that support its growth objectives; the
ability of the Company to maintain satisfactory relationships with suppliers;
financial performance of our joint ventures; risk inherent to international
developments (including currency fluctuations); or other factors not listed
above. Additional information concerning potential factors that could affect
future financial results is set forth in the Company’s Annual Report on
Form10-K for the year ended June30, 2012. We undertake no obligation to
publicly update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. However, your attention is
directed to any further disclosures made in our subsequent annual and periodic
reports filed or furnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy
Statements on Schedule 14A.


Mark Fosland, 952-806-1707
Senior Vice President, Finance
Andy Larew, 952-806-1425
Director, Finance-Investor Relations
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