After 50 years Regency Beauty Schools close all 79 locations

[TexasTowelie]

A longtime Twin Cities-based beauty school abruptly closed all of its 79 locations, including five in Minnesota, this week, shocking students and stranding some of them only days before graduation.

Regency Beauty Institute, with headquarters in St. Louis Park, announced the sudden closing on its website late Wednesday, saying: “It is with great sadness that we announce that after more than 50 years of educating cosmetology students, Regency Beauty Institute is permanently closing on September 28, 2016.”

Regency is the latest in a series of for-profit trade schools that have closed in recent months.

As of last year, the school had 430 Minnesota students at locations in Blaine, Burnsville, Duluth, Maplewood and St. Cloud.

Read more: http://www.startribune.com/quick-cut-after-50-years-twin-cities-based-beauty-school-closes-all-79-locations/395255161/

[Liberal_in_LA]

1. An old time franchise closed in calif

[madaboutharry]

3. What closed?

[Liberal_in_LA]

6. Beauty school -

[madaboutharry]

7. I thought you meant another

business in addition to this.

[dembotoz]

2. all of a sudden a whole lot of rifs are going on

the 2 folks most close to me both survived (i think) reduction in force where they work.
not the removal of a staff member here or there but like a third of the staff at both places
the local big insurance company just announced they were laying off 100 now and more hundreds after the 1st of the year.
talked yesterday to an associate of mine in telecom industry and the grim reaper removed a bunch of head count there too

could the october surprise be the economy is tanking?

[JI7]

4. what do they learn at that type of school and what kind of jobs can they get ?

[TexasTowelie]

5. They learn hairdressing and cosmetology.

There is a mixture of science and artistry involved in obtaining a license to be a stylist or hairdresser. They work with various chemicals to perm, straighten, bleach and dye hair. They also learn about skin care, nail care, and makeup. It usually takes about 2,000 hours of interaction with customers in order to receive a license. They may also learn some basic accounting and tax law along the way since most of them become independent contractors at the salons where they work. The average salary afterwards is still pretty low compared to the amount of debt they take on though which could result in a lot of unpaid student loans.