COLUMBIA, SC (WIS) - Regency Beauty Institute permanently closed all of its campuses, including its Harbison Boulevard location.
"It is with great sadness that we announce that after more than 50 years of educating cosmetology students, Regency Beauty Institute is permanently closing," school officials released in a statement.
All the campuses closed Wednesday.
"This is incredibly difficult news for everyone affected: especially our students, teachers, and staff. We recognize that some of you may be finding this out for the first time by reading this. We are truly sorry for the abrupt nature of this information," the statement said.
The school explained in a statement that it does not have the cash to continue to run the business because of numerous reasons, including declining numbers nationwide, negative image of for-profit education, and an inability to obtain continued financing.
"This is not another case of a school being forced to shut down because it was accused of wrongdoing. We held ourselves to high educational and ethical standards. The environment is simply not one that allows us to remain open. We diligently explored a range of strategic options that would benefit our students, teachers, and staff — and allow us to remain open. Unfortunately, those efforts were not successful," the statement said.