North Castle's Red Door Spa Gets a Visit from Elizabeth Arden
September 10, 2012
Red Door Spa Holdings, a portfolio company of North Castle Partners, has received a $12 million minority investment from prestige beauty products company Elizabeth Arden (NASDAQ: RDEN) and J.H. Anderson Holdings. Red Door Spa operates Elizabeth Arden Red Door Spas and Mario Tricoci Hair Salons. Elizabeth Arden and J.H. Anderson Holdings have an option to acquire the remaining interest in the company. Elizabeth Arden licenses the trademarks for the Elizabeth Arden and Red Door brand names to Red Door Spa.