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Regis to sell unit to Japanese company
July 16, 2012 / 10:24 AM / 5 years ago

Regis to sell unit to Japanese company

July 16 (Reuters) - Hair-salon operator Regis Corp said it will sell Hair Club for Men and Women, its hair loss products unit, to Japan’s Aderans Co Ltd for $163.5 million in cash.

Regis has been as been looking to sell its non-core assets to cut costs.

The company expects to record a non-operational, after-tax gain of $8 million to $12 million on the deal.

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