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O2 Spa launches 3 outlets in Goa

O2 Spa, the largest day spa chain in Asia, opened its first outlet in Goa at Dabolim Airport. The spa chain has launched two more outlets at Lemon Tree and Hyatt Place in Candolim.

the goan I network
Panaji

Ritesh Mastipuram, founder and MD, said "The opportunity to serve the travelling crowd as well as locals is
immense in Goa as the spa culture has picked up effectively."
He continued, "We are glad to be able to set up shop at 3 locations in Goa and take this as an opportunity to be able to offer premier spa services. In an industry that is pegged at $200 million in India, we are excited to be leading the game changing dynamics and look at bringing about a wellness revolution"
O2 now has 100 outlets in 24 cities in India with over 6 lakh walk-in customers each year.
It is also reported that the brand made an investment of $15 million for Indian market to grow to 150 outlets across 30 cities from the current 100 outlets in 24 cities.

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Goa State Co-op aims to breathe new life into bank

Aiming at rejuvenation of the Bank, the present management of Goa State Co-operative Bank (GSCB) has suggested a roadmap to the state government.

The Goan Network
Published Aug 9, 2017, 3:50 AM IST
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the goan I networkPanaji Though the bank has accumulated losses of Rs 67.83 crore for year ended March 2016, it has earned profits of Rs 3 crore for the first quarter of financial year 2017-18. Nonetheless, the management is of the opinion that management expenses should be reduced by way of Voluntary Retirement Scheme (VRS) to at least 125 staff, which is expected to save at least Rs 7-8 crores a year. The bank, however, is in the process of merging five of its loss-making…

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