08-09 Apr 2024
St. Martins Spa & Lodge,
Frauenkirchen,
Austria
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14-15 Apr 2024
ExCel,
London,
United Kingdom
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22-24 Apr 2024
Galgorm Resort,
York,
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23-25 Apr 2024
Phoenix Convention Center,
Phoenix,
United States
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28-30 Apr 2024
Radisson Blu Hotel,
Glasgow,
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08-08 May 2024
Hotel Melià ,
Milano ,
Italy
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10-12 May 2024
China Import & Export Fair Complex,
Guangzhou,
China
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13-16 May 2024
Conrad Chia Laguna Sardinia ,
Italy
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CI Capital takes a stake in WTS International – Steven Rudnitsky named as vice chair |
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By Tom Walker 14 Nov 2019 |
Rudnitsky has been tasked with assisting WTS with its expansion plans
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Private equity firm CI Capital Partners has acquired a majority interest in spa consultancy and management firm WTS International.
The deal – for which no financials were released – will see the WTS management team retaining significant equity ownership in the company. The team will also continue to lead the company.
"We have achieved remarkable growth and maintained our leadership position in the spa, lifestyle, fitness, and wellness services industries," said WTS founder and CEO Gary Henkin.
"I am very proud of all that we have accomplished and am excited to continue the company's growth trajectory through this partnership with CI Capital."
Shortly after the deal was confirmed, WTS named Steven A. Rudnitsky as vice chair of its board of directors.
An industry veteran, Rudnitsky most recently served as president and CEO of Miraval Group, where he oversaw the sale of Miraval to Hyatt Hotels Corporation. He has also held executive roles at Wyndham and Dolce and was a board member of ESPA International.
Rudnitsky has been tasked with assisting Henkin in executing WTS's expansion plans, which include pursuing "strategic add-on acquisitions".
"Steve's successful career in leading elite hospitality brands through periods of growth and transformation and in helping to build major consumer brands will be a tremendous asset to WTS as we enter this new, exciting stage of the company's history," Henkin added.
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News |
1 to 12 of 8682 news stories |
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28 Mar 2024
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28 Mar 2024
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28 Mar 2024
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27 Mar 2024
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26 Mar 2024
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25 Mar 2024
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22 Mar 2024
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21 Mar 2024
The Covery, a lifestyle optimisation wellness brand, has announced a new licensing partnership with Aura Spa, solidifying its commitment to broadening access to recovery and wellness therapies throughout the US. This strategic partnership will introduce ... More
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20 Mar 2024
The International Spa Association (ISPA) Foundation has released the 2024 edition of its Consumer Snapshot research initiative, shedding light on the behaviours and preferences of regular spa-goers in the US. This research series, commissioned by ... More
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19 Mar 2024
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19 Mar 2024
Wello Works, a new concept which mixes a wellness centre and a co-working office, has launched its first site in Sydney. The brainchild of wellness veteran, Tony de Leede, Wello Works has been designed to ... More
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18 Mar 2024
The International Sauna Association's (ISA) Sauna Aid initiative is asking for donations to establish a sauna complex in Ukraine to provide a sanctuary for Ukrainians amid the conflict with Russia. The organisation wants to realise ... More
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Bioline Jatò |
Bioline Jatò is a family Italian company
operating in the professional skincare
industry since
[more] |
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