Almost 1000 regis uk jobs saved in time for christmas by new buyer

Regis UK has announced it has been sold to Birmingham-based Bushell Investment Group (BIG) after going to administration in October, which means almost 1000 Regis UK jobs have been saved. Regis UK, which own Supercuts and Regis hair salons have been added to the Bushell Investment Group’s extensive brand portfolio after going into administration with Deloitte. BIG is a family office focused on turnaround and supporting small or medium businesses in the UK. The sale is said to have preserved almost 1000 Regis UK jobs (961) and stabilised the business to keep the focus on Regis hair salons’ premium services, while Supercuts will continue to offer walk-in cutting services at great value. After working hard over the past three weeks to maintain the existing business, Regis UK’s managing director Jackie Lang said: “Working closely with the administrators we were looking for investors who would not only conserve as much of our business as possible, but also would revive and position ourselves as the high street hair experts once again. It goes without saying that we are relieved and warmly welcome the investment by BIG.” Lee Bushell, the principle of BIG added: “Securing nearly 1000 jobs prior to Christmas is a real positive and we thank the staff for their patience and support during what has been an uncertain time for them. We are confident that by supporting the existing management team we can take this business forward to maintain some great brands on the UK high street.”