Note 2 - Organization

9 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Nature of Operations [Text Block]

(2)      

ORGANIZATION

:

Steiner Leisure Limited is a global provider and innovator in the fields of beauty, wellness and education. Steiner Leisure was incorporated in The Bahamas as a Bahamian international business company in 1995. In our facilities on cruise ships, at land-based spas, including at resorts and urban hotels (referenced collectively below as “hotels”), luxury Elemis® day spas, Bliss® premium urban day spas and at our Ideal Image cosmetic services centers (the “Ideal Image centers”), we strive to create a relaxing and therapeutic environment where guests can receive beauty and body treatments of the highest quality. Our services include traditional and alternative massage, body and skin treatment options, fitness, acupuncture, medi-spa treatments, cosmetic services, laser hair removal, facial rejuvenation and body contouring services. We also develop and market premium quality beauty products which are sold at our facilities, through e-commerce and through third party retail outlets and other channels, and we also operate post-secondary schools offering massage therapy and related courses.

On August 21, 2015, we entered into a definitive agreement with Catterton, a leading consumer-focused private equity firm, in which an affiliate of Catterton will acquire all of our outstanding shares for $65 per share in cash. The transaction is expected to close in the fourth quarter of 2015 or early in 2016 and is subject to regulatory approvals and the approval of our shareholders.