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Stock transaction set to close mid-February
January 30, 2009
By: TOM BRANNA
Editor
Hair care giant Regis Corporation today announced the signing of a definitive agreement to sell its Trade Secret retail product division to Premier Salons Beauty, Inc. “After reviewing our strategic options, we made a decision to sell our Trade Secret division. This division had been highly profitable over many years, but based on current sales trends, Trade Secret was forecasted to have operating losses of over $23 million on a fully allocated basis in fiscal 2009,” commented Pa...
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