Istithmar World Capital invests in ESPA International

Published: 14-Apr-2008

Istithma World Capital (IWC) has announced that it has joined forces with leading spa company, ESPA, in a deal which gives IWC a 40% stake in the business.


Istithma World Capital (IWC) has announced that it has joined forces with leading spa company, ESPA, in a deal which gives IWC a 40% stake in the business.

Since its inception in 1993, ESPA has become a leading provider of luxury spa products and services. The company currently operates in 45 countries with offices in the UK, United States and Hong Kong, with a new branch in Dubai scheduled for opening later this year. IWC is a Dubai-based private equity and alternative investment house which has invested in over 35 companies since its creation in 2003.

Susan Harmsworth, ceo and founder of ESPA said: “I am delighted to be working in partnership with IWC. As a brand, our commitment remains to luxury, niche and excellence in spa and wellness. We chose IWC to be our partners as they share our vision and they will help us in its execution.”

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