XpresSpa has a new investor.
Mistral Equity Partners, a private equity firm focused on consumer, retail and consumer media sectors, has invested growth capital in XpresSpa.
“This concept pioneered and defined the airport spa segment,” says Andrew Heyer, managing partner of Mistral Equity Partners. “XpresSpa has enormous untapped growth potential and a differentiated concept that has become a cornerstone of airport retail offerings, playing a crucial role in delivering health and wellness services to travelers in over 19 airports. 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.”
XpresSpa offers spa services such as massages, reflexology, stress and tension release, manicures, pedicures, facials and waxing; it also has a branded line of personal care and travel products available in its and online
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The company’s CEO, Moreton Binn, and president, Marisol Binn, developed XpresSpa 10 years ago as a way for travelers with long wait times relax and focus on personal care, grooming and wellness.
“XpresSpa’s growth opportunities are tremendous, and Mistral’s investment will allow us to execute on those opportunities quickly,” says Marisol Binn. “Travelers seek out XpresSpa when they are at the airport, and would like to find an XpresSpa in every airport.”
Moreton Binn adds, “Beyond spa services, we’re thinking out of the box. We invented the airport spa specialty retail concession and now we’ve launched our own line of branded consumer products. People love the quality and uniqueness of XpresSpa products so much that they look for products with the XpresSpa brand. 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. XpresSpa is poised to grow within the airports and beyond.”
XpresSpa operates the largest global network of premium airport spas, providing a full array of spa services, including massages, reflexology, stress and tension release, manicures, pedicures, facials and waxing. XpresSpa also has a branded line of exclusive spa, personal care and travel products available in their spas and online.
