** U.S. beauty salons operator's shares  RGS.N  fall 6% to
$5.21 premarket; stock set to open at over 1-month low
    ** RGS Q1 rev slumps 55% to $111.4 mln, net loss more than
doubles to $35.3 mln, due to COVID-19 impact  urn:newsml:reuters.com:*:nBw9bbtMja
    ** RGS says it converted an additional 137 company-owned
salons to franchises, as it shifts to a franchise business from
an ownership model to cut costs
    ** RGS has posted a loss for the seventh straight quarter
and its sales have fallen y/y for at least 13 quarters
    ** Up to Friday's close, RGS down ~69% this year

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))