Regis merges with Empire
This article was originally published in The Rose Sheet
Executive Summary
Regis Schools and Empire Beauty Schools have joined forces to create Empire Education Group, the companies announce April 19. Once the transaction is completed July 1, Regis's 51 accredited cosmetology schools will share the name with Empire's 37 schools. Empire Beauty Schools will own 51% of the new company, with Empire Chairman and CEO Frank Schoeneman as the majority shareholder. All current Empire Beauty School executives will retain their positions. Combined, the beauty schools will educate about 20,000 people per year in 18 states...
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Regis Schools and Empire Beauty Schools have joined forces to create Empire Education Group, the companies announce April 19. Once the transaction is completed July 1, Regis's 51 accredited cosmetology schools will share the name with Empire's 37 schools. Empire Beauty Schools will own 51% of the new company, with Empire Chairman and CEO Frank Schoeneman as the majority shareholder. All current Empire Beauty School executives will retain their positions. Combined, the beauty schools will educate about 20,000 people per year in 18 states.... |