THE owner of the Supercuts and Regis hairdressing businesses – which has a Regis salon in Bournemouth’s Beales – has gone into administration.
The move leaves 1,200 staff uncertain about their futures, although the salons are continuing to trade.
Deloitte has been appointed as administrator to salon owners Regis UK Limited and its holding company International Beauty Limited.
It has 223 Supercuts and Regis salons nationwide.
The nearest Supercuts to Dorset is in Southampton’s Marlands Shopping Centre.
Deloitte said Regis UK will continue trading while options are being explored and no redundancies or store closures were being announced at this stage.
Supercuts has been struggling for the last few years and went through an insolvency process known as a Company Voluntary Arrangement (CVA) in 2018.
It meant the company could cut its rents in an attempt to stay afloat.
However, the CVA was being challenged in a court action by landlords.
The CVA process has been widely used by several high street names in recent years, including Arcadia, New Look, Mothercare and Carpetright.
But it has faced criticism from some landlords who claim it is being used as a way to cut rents, instead of only being used to prevent a firm from collapsing.
Rob Harding, Deloitte joint administrator, said: "The retail trading environment in the UK remains extremely challenging and Regis UK Limited had been seeking to address this through a restructuring of its business.
"Unfortunately, these trading challenges coupled with the uncertainty caused by the legal challenge to the CVA have necessitated the need for an administration appointment. This, in order to provide protection for the business whilst restructuring and sale options, are fully considered and explored."
Regis said at the time that a "perfect storm" of factors, including falling customer numbers and higher wages, had hurt the business.
The CVA saw rent cuts of up to 100 per cent at more than 100 of Regis's 223 stores and concessions.
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