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12 Oct 9:23am

Supercuts owner Regis asks landlords to waive rent

The Guardian
Hairdressing firm seeks to restructure costs to avoid entering administration The hairdressing group Regis, the owner of Supercuts, is asking a number of landlords for free rent at more than 20 stores as part of a rescue plan to avoid collapse. The group has asked for rent reductions of 25%-100% at 110 of its 220 salons. Regis warned that if the plan is not approved by creditors “then it is likely that the company will enter administration”.
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