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Jobs saved with buyout of Supercuts and Regis

MORE than 1,000 jobs have been saved after the owner of the Supercuts and Regis hairdressing chains was bought out of administration.
Staff in Hampshire were among those who were left waiting for word after the company went into administration in October.
Supercuts has branches at the Marlands Shopping Centre in Southampton, Market Quay in Fareham and Gosport High Street.
Regis has salons in Osborne Mall, Fareham; Colebrook Street, Winchester; and Gunwharf Quays and Debenhams in Portsmouth.
Administrators Deloitte confirmed entrepreneur Lee Bushell supported a management buyout of Regis UK to secure 140 sites across the two brands.
But administrators were forced to close about 60 stores, leading to 200 redundancies. The Hampshire branches escaped inclusion on the closure list.
Regis’ collapse into administration came less than a year after bosses attempted to persuade landlords to give the company heavy rent cuts.
Supercuts had been struggling for the last few years and went through an insolvency process known as a Company Voluntary Arrangement (CVA) in 2018.

https://www.dailyecho.co.uk/news/18097565.jobs-saved-buyout-supercuts-regis/
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