Luxury spa files for Chapter 11 bankruptcy

Whether it is an exclusive edifice spa oregon the nail salon astatine a suburban portion mall, the quality manufacture has faced important fiscal challenges that person led to bankruptcy filings and successful immoderate cases shutdowns implicit the past year.

Beauty tech steadfast Cutera filed a petition for a prepackaged Chapter 11 bankruptcy successful March 2025. Efforts to restructure and trim its indebtedness by $400 cardinal were yet palmy and Cutera yet emerged from bankruptcy by the extremity of past year.

At the commencement of 2026, 2 AS Beauty Group cosmetics brands Cover FX and Mally Beauty announced that they were permanently shutting down their online stores and labels. Both brands were founded by longtime insiders successful the quality manufacture similar MAC Cosmetics co-founder Victor Casale and personage constitution creator Mally Roncal but cited a changing retail situation and lawsuit needs arsenic the reasons they could nary longer enactment successful business.

The latest institution successful the quality manufacture to record for Chapter 11 bankruptcy is Driftwood Yoga, Spa, and Boutique. Based retired of Denver successful southwestern North Carolina, the spa served a section assemblage with services that included yoga classes, massages, and assorted quality and wellness treatments.

It opened successful 2023 but, astatine the clip of filing for bankruptcy extortion successful North Carolina Western Bankruptcy Court, had amassed indebtedness of astir $1.4 million. The boutique spa expressed intent to proceed mean operations arsenic it reorganizes its indebtedness and, connected Feb. 26, North Carolina Western Bankruptcy tribunal granted it the close to "otherwise proceed Certain prepetition lawsuit practices successful the mean people of business."

This accusation is disposable lone successful bankruptcy records; the spa has not publically commented connected the filing oregon communicated quality astir the bankruptcy to its customers.

Over successful Florida, ​Modern Medical Aesthetics besides filed for Chapter 11 bankruptcy arsenic a "small concern debtor" earlier successful February. The St. Petersburg institution positions itself arsenic a aesculapian spa selling a scope of aesthetics and wellness services like Botox treatments and laser hairsbreadth removal.

In the bankruptcy filing, the institution lists liabilities of betwixt $100,000 and $500,000 owed to less than 50 creditors.

While Modern Medical Aesthetics indicated intent to proceed operations, different aesculapian spa successful Alabama unopen down successful bankruptcy successful January 2025 successful a illness that near customers with booked treatments with nary mode to recoup their money.