Regis Corporation Partners with The Entrepreneur's Source To Expand Nine Franchise Brands
SOUTHBURY, Conn., Sept 8 // PRNewswire // -- Minnesota-based Regis Corporation (NYSE: RGS), the worldwide leader in the $170 billion hair-care industry, has entered into an agreement with The Entrepreneur's Source, the nation's premier franchise coaching firm.
With 250 franchise business coaches to act as referral sources, The Entrepreneur's Source (TES) will support Regis Corporation's expansion goals for nine franchised salons including Supercuts, Cost Cutters, Cool Cuts 4 Kids, First Choice Haircutters, Magicuts, Pro-Cuts, City Looks, Raze and Beauty Supply Outlet.
"We're proud to be associated with such a powerful brand and a leader in the global franchise industry," said Terry Powell, CEO of FranchisEsource Brands International (FSBI), parent company for TES. "Our franchise business coaches are well-positioned to further expand the Regis Corporation's franchise brands through our 7,000 monthly inquiries from aspiring business owners looking for a solid business investment opportunity."
Headquartered in Minneapolis, Minnesota, Regis Corporation is the beauty industry's global leader in beauty salons, hair restoration centers and cosmetology education. The Company owns, franchises or holds ownership interest in over 12,900 worldwide locations.
"We are looking forward to working with The Entrepreneur's Source to promote the investment opportunities of Regis' franchise brands," said Alan Storry, vice president of franchise development for Regis Corporation. "We have an aggressive targeted growth objective, including double-digit revenue expansion through same-store sales increases, new salon construction and acquisition. As a leader in franchise business coaching, The Entrepreneur's Source is an ideal partner to help us reach these goals."
For the past 25 years, TES has been of service to individuals seeking the entrepreneurial dream of business ownership. During that time, TES franchise business coaches have helped tens of thousands of individuals become franchise business owners while achieving financial freedom through Income, Lifestyle, Wealth and Equity.
About The Entrepreneur's Source(R) (E-Source)
The Entrepreneur's Source is North America's leading career and franchise Business Coaching Company dedicated to the entrepreneur with more than 230 offices in the United States and Canada. With its unique E-Source Coach Advantage, E-Source and partnership with E-Myth Worldwide(R), TES offers a full range of services to individuals seeking alternate career options and to franchise businesses looking to increase performance. Today, E-Source, along with AdviCoach, dominates the $1.5 billion dollar Business Coaching/Consulting franchise market with 33 percent market share in North America. Additional news about E-Source, and other FSBI international brands, can be found on (www.FranchiseNewsRoom.com). Follow our CEO's ongoing Blog discussions on franchising by going to franchise blog.
About Regis Corporation
Regis Corporation (NYSE: RGS) is the beauty industry's global leader in beauty salons, hair restoration centers and cosmetology education. As of June 30, 2009, the Company owned, franchised or held ownership interests in over 12,900 worldwide locations. Regis' corporate and franchised locations operate under concepts such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women. In addition, Regis maintains an ownership interest in Provalliance, which operates salons primarily in Europe, under the brands of Jean Louis David, Franck Provost and Saint Algue. Regis also maintains ownership interests in Empire Education Group in the U.S. and the MY Style concepts in Japan. System-wide, these and other concepts are located in the U.S. and in over 30 other countries in North America, South America, Europe, Africa and Asia. Regis also maintains a 49 percent ownership interest in Intelligent Nutrients, a business that provides a wide variety of certified organic products for health and beauty.
SOURCE The Entrepreneur's Source