Minn.-based Regis hints at coming layoffs

Edina-based Regis, the world's biggest hair salon operator, is signaling layoffs may be in the offing.

The company says it will cut administrative expenses as part of a cost-cutting effort that has roughly doubled in scope with a goal of reducing expenses by as much as $50 million.

Regis also named Randy Pearce, the company's current president and a long-time insider, to the top job, replacing Paul Finkelstein who is stepping down.

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