Beauty Packaging Staff03.23.20
Mynd Spa & Salon has filed for bankruptcy and is closing its doors, permanently -- after posting a few days ago that it was closing temporarily due to the coronavirus pandemic.
The spa chain was the iconic Elizabeth Arden Red Door, before rebranding last summer -- with the new name and new look.
Mynd posted the message shown above on its website, which states:
It is with tremendous sadness and disappointment that we announce that on March 19, 2020, Mynd Spa and Salon Inc. has filed for bankruptcy relief under Chapter 7 of the United States Bankruptcy Code in the Southern District of New York. Under Chapter 7, a trustee will be appointed to wind down the affairs of the business.
WWD reports that the business listed between $0 and $50,000 in assets and between $1 million and $10 million of debt on its petition. The article also says that in 2012, "business was booming" -- and "Red Door Spa did $150 million in annual sales."
Elizabeth Arden is now owned by Revlon, and is not affiliated with the spa business.