After months of financial turmoil, Spa Chakra (NYC) has gone down the drain. The Palo Alto, Calif.-based company, which has a location at 663 Fifth Ave. and is also responsible for operations at the Guerlian Spa at the tony Waldorf Astoria, filed for Chapter 7 bankruptcy protection. The company also filed a WARN notice with the New York state Department of Labor on Tuesday, reporting the layoff of 66 employees in the city.
The company's New York Fifth Avenue store was formerly known as the Cornelia Day Spa. It opened in 2005 but bled financially for years. Cornelia was acquired by Spa Chakra in May 2009.