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Sanctuary group plans to double in size

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Sanctuary Spa – the London-based women’s-only spa owned by private equity group HG Capital – is in talks over the site of its second UK spa.

The negotiations are part of the group’s ongoing strategy to double in size to a £50m (US$98m, 74.6m euro) business within the next two years.

Sanctuary Spa is in preliminary talks for another, smaller-concept spa which will be trialled in one location within the near future.

Expansion is also planned in the US with the company’s Sanctuary-branded beauty products and it also hopes to further grow its market share in Asia.

According to reports, the company intends to invest around £3.5m each year in order to double annual sales by 2009.

The company, which is headed by former Marks & Spencer marketing director Alice Avis, is also to launch a new range of premium skincare range in the UK in early March.

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Sanctuary Spa – the London-based women’s-only spa owned by private equity group HG Capital – is in talks over the site of its second UK spa.
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