RSM’s retail restructuring team has advised the Bushell Investment Group (BIG) on the acquisition of the trade and assets of Regis UK out of administration.
The successful sale secures nearly 1000 jobs and ensures the on-going trading of 140 hair salons.
Damian Webb, a retail restructuring partner at RSM who advised BIG on the transaction said:
'Securing nearly 1000 jobs just prior to Christmas is a huge positive. The investment by BIG should ensure the management team have the platform to take this business forward and ensure the well-known Supercuts and Regis brands are maintained on the high street for the foreseeable future.'
Lee Bushell, the principal of BIG added:
'The investment by BIG into Regis reflects our support for management’s vision for the business and our faith in the fantastic workforce.'