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Regis To Acquire Trade Secret’s Assets

Price tag of $45 million includes $13 million in debt

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By: TOM BRANNA

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What’s old is new again. Regis will reacquire certain assets of Trade Secret, a Canadian beauty and hair care retailer. Trade Secret Inc. last week filed a voluntary petition for Chapter 11 bankruptcy court protection in Delaware. As part of the plan, Regis will acquire the company for$45 million, which includes the assumption of $13 million in liabilities, with Regis transferring the interest into a new entity associated with Brian Luborsky, chief executive officer, for the purpose of ...

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