Snippet from the article:
Regis Corp said it will sell Hair Club for Men and Women, its hair loss products unit, to Japan’s Aderans Co Ltd for $163.5 million in cash, as it focuses on its salon operations.
The hair-salon operator, known for its Vidal Sassoon and Supercuts chains, is battling rising costs and slowing demand as frugal consumers take more time between haircuts.
The company has been exploring options for its non-core assets to cut costs and shore up its domestic business.
Read the rest — Regis sells hair loss chain for $163.5 million
We mentioned a month ago about some doctors objecting to a possible sale of Hair Club to Aderans (parent company of Bosley), but it appears that the sale has gone through.