Spa group acquires NZ chain
Day spa and wellness product company Endota has purchased New Zealand’s largest day spa group, Forme Spa, for an undisclosed amount as part of its international expansion plans, according to a media report.
Endota operates 120 spas and distributes products to 11 countries including Canada, Thailand, Malaysia, and China with a group turnover of approximately $170 million. The Forme acquisition adds nine locations around New Zealand to Endota’s studio chain. Read more