Private equity fund CVC and Therme Group, the developer, owner, and operator of wellbeing destinations, have partnered for Therme Horizon, a new holding company comprising Therme Erding in Germany ...

Even by “not on my 2025 bingo card” standards, Adam Vaughan’s rebirth as staunch defender (and paid employee) of Therme, the Austrian company behind the province’s megaspa plan, is a shock ...

In a statement this week, Therme Canada said it had signed a formal partnership agreement with Mr. Wund’s Wund Fundation – he died in 2017 – in 2019, which it said was retroactive to 2018.

Therme needs to start building its Toronto project by next spring, but the next question is what happens to its proposals in the United States. It is exploring a 500,000-square-foot, $800 million ...

Previously, the auditor general found Infrastructure Ontario had failed to properly assess Therme’s application in a report released at the end of last year. “We found that IO did not conduct ...

And as it pitched its vision for Toronto, Therme’s finances appeared to be shaky. Auditors found it was losing money and had less than 1 million euro (about $1.1 million) in equity.

A Times investigation shows Therme, a European firm, exaggerated its track record in securing a deal with Ontario, and government auditors found that the process had been unfair and opaque.

Therme bought one of the German spas late last year. “I understand they’re all one company, so one bought the other company,” Mr. Ford said on Wednesday.

Following Wund’s passing, Therme said the architectural, engineering, and operations teams behind both companies were consolidated within Therme Group, adding the partnership was formalized in 2019.

In a statement sent to CBC News, a Therme spokesperson noted that the auditor general's December report said the lease between the company and the province included a financial test. The report goes ...

On Wednesday, Ontario Premier Doug Ford said he directed his minister of infrastructure to look into a New York Times article which suggests the Ford government may have been hoodwinked by Therme ...