XpresSpa, the New York, US-based provider of airport spa services and products, has secured investment from the private equity firm, Mistral Equity Partners.
The company, which opened its first site at John F Kennedy International Airport Terminal One in 2004, currently has 38 locations in the US and the Netherlands.
According to XpresSpa president Marisol Binn, the fresh investment will help the group to capitalise on international growth opportunities at an accelerated rate.
"XpresSpa's growth opportunities are tremendous, and Mistral's investment will allow us to execute on those opportunities quickly," said Binn.
XpresSpa currently provides a full range of airport-based spa services, including massages, reflexology, stress release therapies and facials.
The group has also devised its own line of spa, personal care and travel products and CEO Moreton Binn said XpresSpa was looking to "think outside the box".
Moreton Binn said: "We invented the airport spa speciality retail concession and now we’ve launched our own line of branded consumer products.
"We have also developed a Service at the Gate concept, where we have rolling carts going to the gate areas to provide manicures and massages anywhere in the airport."
Mistral Equity Partners managing partner Andrew Heyer added: "XpresSpa has enormous untapped growth potential and a differentiated concept that has become a cornerstone of airport retail offerings.
"Through domestic and international expansion, we are confident that XpresSpa will continue to grow its position as the leading airport spa concession in the world."
Details:
www.xpressspa.comImage: Carl M/flickr
