The owner of Supercuts, one of Britain's largest high street salon chains, has collapsed into administration, putting hundreds of jobs at two major outlets at risk.
Regis UK - which runs Supercuts and the Regis brand - has been passed over to consultancy firm Deloitte who will now manage the firm's finances , Sky News said.
Regis has branches at House of Fraser in Edinburgh City Centre and Debenhams in Ocean Terminal, whilst Supercuts has salons at the Jewel and on Princes Street as well as in Kirkcaldy and in Livingston .
On Thursday, a Supercuts spokeswoman decline to comment on the chain's financial circumstances.
Today's news comes less than a year after Regis UK announced it was seeking a rescue deal in order to stay afloat.
At the time, Jackie Lang, managing director of Regis UK, said: "This action has been taken to restructure our costs to ultimately enable reinvestment into the business to improve our digital platforms and our expertise in salon. If successful, over 90% of our creditors will be unaffected."
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