Ring lost in bar or beauty parlour (5)

I believe the answer is:

salon

Here is my best explanation:

'beauty parlour' is the definition.

('salon' can be a synonym of 'beauty parlour')

'ring lost in bar' is the subsidiary indication.

'ring' becomes 'o'.

'lost in' is a deletion indicator.

'bar' becomes 'saloon' ('saloon' can be a synonym of 'bar').

'saloon' with 'o' taken away is 'salon'.

'or' is the link.

(Other definitions for salon that I've seen before include "Art gallery", "Loans (anag.)", "Reception room - social gathering", "Loans given to hairdressing establishment", "Hairdresser's shop", "Formal sitting room", "Elegant room - for hairdresser?", "Elegant room is great house for entertaining", "Elegant room for receiving guests" and "Beauty parlour".)

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