February 13, 2023
Healthy Spot Goes Through Online Auction
In early February, in an effort to modify the company’s investor base and credit structure, Healthy Spot was put up for auction. Noting the company’s strong history and well-regarded brand, the entirety of the company was put up for auction, from stores to management to e-commerce.
The auction was led by CriticalPoint Partners and 360 Asset Advisors, and held on Feb. 1, 2023.
Previous lead investor, Oaktree, was announced via letter as the winning bidder. The company noted that the process has enabled Healthy Spot to move forward in a debt free manner, ready to take on the next phase of company growth.