The name Mandara comes from an ancient Sanskrit legend about the gods' quest to find the elixir of immortality and eternal youth.
Mandara Spa ceased to be a 100% privately owned company in 2000, when Shiseido Co. of Japan bought a 40% stake in its worldwide operations.
[3] In 2001, the remaining 60% of shares were sold to Steiner Leisure Limited, a Nasdaq (STNR) listed company.
[4][1] In December 2002 Steiner Leisure Limited became the sole owner of Mandara Spa after acquiring the 40% equity interests from Shiseido.
In other cases, Mandara Spa takes on the costs of the operation and shares a percentage of top-line revenue only with the hotel.