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This excerpt taken from the RGS 10-K filed Sep 11, 2006. Beauty School
Acquisition Growth. To
date, the Company has acquired all 54 beauty schools that it currently
operates. The Company’s first beauty school acquisition was part of the fiscal
year 2003 acquisition of Vidal Sassoon which included five beauty schools. In June 2004,
the Company acquired six Blaine Beauty Career Schools operating in the
Massachusetts market. During fiscal year 2005, the Company acquired 13 schools
in four transactions; these included, five Pierre’s School of Cosmetology in
Maine, four Natural Motion Member Schools in New Jersey, three Scot Lewis
schools in Minnesota and one Arthur Angelo School in Rhode Island. Finally, the
Company acquired 30 beauty schools in five transactions during fiscal year 2006
as follows; five Martin’s Schools in Wisconsin, six Hair Design Schools in
Kentucky, three Chic Schools of Cosmetology in Michigan, 15 Artistic Schools in
Arizona and Colorado, and one Warwick Academy of Beauty Culture in Rhode
Island.
The beauty school industry is highly-fragmented and dominated by small, independent operators. For this reason, the Company believes numerous acquisition candidates remain. This excerpt taken from the RGS 10-K filed Sep 9, 2005. Beauty
School Acquisition Growth. To date, the Company has
acquired all 24 beauty schools that it currently operates. The Company’s first
beauty school acquisition came as part of the fiscal year 2003 acquisition of
Vidal Sassoon which included five beauty schools. In June 2004, the
Company acquired six Blaine Beauty Career Schools operating in the
Massachusetts market. During fiscal year 2005, the Company acquired 13 schools
in four transactions; these included, five Pierre’s School of Cosmetology in
Maine, four Natural Motion Member Schools in New Jersey, three Scot Lewis
schools in Minnesota and one Arthur Angelo School in Rhode Island.
The beauty school industry is highly-fragmented and dominated by small, independent operators. For this reason, the Company believes there remain numerous acquisition candidates. | EXCERPTS ON THIS PAGE:
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