Some say Myron Kunin, founder of Regis Corp., never met a business he didn't like. Others insist he never saw a piece of art he didn't like. Both are understatements.
Kunin, who took over his parents' department store hair salon business in 1958, had a passion for both art and business that grew from its start in Minneapolis and now spans the globe — from the Regis hair salon empire to his renowned early American art collection to philanthropic projects that stretch to museums, galleries and universities around the country.
Kunin, 85, died Wednesday from pneumonia after battling leukemia for nearly a year.
"We were lucky," said his wife, Anita. Kunin rallied "due to a miracle drug and had a renaissance from July on." But then, she said, he caught what seemed to be a cold, was hospitalized Saturday and died Wednesday.
Kunin is perhaps best remembered for turning his parents' 15 department-store-based barbershops and hair salons into a public company with $2.7 billion in annual revenues and 1,340 (owned and franchised) stores in the United States, France and England.
"Myron played a pivotal role in the history and growth of Regis Corp.," said Regis CEO Dan Hanrahan in a statement Thursday. "We have lost a visionary and a friend." Kunin left the company's board in 2008.
"He never met a business he didn't like," said Burt Gross, Kunin's childhood friend and attorney. "He owned a chain of radio [stations] in small towns in northern Minnesota, Wisconsin and North Dakota. He owns about 25 [radio] stations and about six TV stations. He loved the business."
Kunin also invested in St. Paul real estate, a popular St. Paul-based children's product store and the electronic manufacturing firm Nortech Systems Inc. in Wayzata.