ESPA International is a UK based global luxury spa company offering total spa solutions including: a world-renowned spa design and management division, an extensive natural product range, innovative and effective treatments and unsurpassed post graduate therapist training programmes. Since its inception in 1993, ESPA has become the world's leading authority on spa and wellness.
Chief Executive and Founder of ESPA International Susan Harmsworth said today: 'I am delighted to be working in partnership with IWC in order to continue to be, and further enhance our reputation as the luxury spa brand of the world. As the spa goer becomes more sophisticated and internationally travelled, investment in our brands' underlying infrastructure has become essential in order for us to bring greater value and further extend our services to the clients. As a brand, our commitment remains to luxury, niche and excellence in spa and wellness".
Adel Al Shirawi, Vice Chairman of Istithmar World continued: "Our focus is on iconic brands and the luxury market is paramount to us. Our desire is to continue to build our portfolio of luxury brands, and the ever growing Spa and Wellness sector is a natural direction. In our extensive research of the global Spa market, ESPA International stands above the rest in terms of excellence in standards and reputation".
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Istithmar World Capital invests in ESPA International, world leading spa company
- United Arab Emirates: Sunday, April 13 - 2008 at 14:01
- PRESS RELEASE
Istithmar World Capital ("IWC") and ESPA International ("ESPA") have joined forces whereby IWC has acquired a 40% share in ESPA.
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About Istithmar World CapitalIstithmar World Capital is a private equity and alternative investment house headquartered in Dubai, United Arab Emirates, with an office in Shanghai, China. Established in 2003, we are a Dubai World company.
In the four years since its inception, Istithmar World Capital has invested in over 35 companies with total capital deployed in excess of $3bn and an aggregate enterprise value of $7bn.
Istithmar World Capital has successfully established itself as a major investment company with a broad portfolio of successful firms in markets ranging from North America and Europe to the Middle East and the Far East, as well as across a variety of sectors ranging from consumer to industrial and financial services.
Istithmar World Capital has been recognized for its success with various prestigious awards from leading industry publications such as Banker Middle East and Euromoney.
Istithmar World Capital's success is expected to continue due to its ability to uniquely leverage its ownership by capitalizing on three of its parent's strengths:
• Patient Capital: Istithmar World Capital has access to longer-dated, patient sources of capital.
• Flexibility of Investments: Istithmar World Capital has the ability to invest at any level of an asset's capital structure.
• Extensive Industry Expertise and Geographic Network: Istithmar World Capital has the ability to capitalize on Dubai World's extensive industry knowledge and international network to gain exclusive insight into certain industries and regions, source deals, procure acquisition debt, and partner with leading institutions, especially in the Middle East and North Africa (MENA), and Asia.
About ESPA International
ESPA is an International Company at the most prestigious level of the Spa industry. Years of experience covering strategy, operational, conceptual and development elements of spas combined with an in depth knowledge of differing cultures, products and treatments, result in a Company which is well rounded and genuinely committed to inspired natural products, treatments and spa development. Natural interaction within the company ensures that all elements work synergistically, stimulating creative and innovative ideas that keep ESPA at the "cutting edge" of the Spa Industry and ensures the products and services remain unique.
ESPA consists of several interlinked areas:-
• Spa Design and Operations
• Spa Management Solutions
• Products and Treatments
• Training
• Recruitment
The result is fully operational spa support.
Currently operating in over 45 countries with offices in UK, USA and Hong Kong with Dubai due to open in 2008.
For further information, please contact:
Hwee-Suan Ong
BPG Public Relations
Tel: +971. 4.295 3456 ext 302
Mob: +971.50.8754.977
Tom Konig Oppenheimer
The Communications Store
Tel: +44 (0) 207 939 1010.
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, April 13 - 2008 at 14:01 UAE local time (GMT+4)
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