Good Glamm’s Sirona snaps up Bleu
Sirona India has announced the acquisition of vegan condom brand, Bleu. The deal marks the Good Glamm Group-backed company’s entry into the sexual wellness category for the first time, according to a report published by Delhi Business Line.
Ceremonia launches US$10 million in Series A funding round
Ceremonia has completed a US$10 million funding round led by Sandbridge Capital. The Latinx hair care brand will use the investment to fund its expansion into Sephora stores across the US as well as help establish the flagship store the brand is poised to open in New York this summer.
Clorox puts VMS up for sale
Clorox is said to be seeking a buyer for its vitamins business, VMX, according to a report published by Reuters quoting ‘people familiar with the matter’.
Love Wellness names new CEO
Maria Dempsey has been named CEO of Love Wellness, according to a report published by WWD. Dempsey will replace Founder Lo Bosworth, freeing her to focus on the future of the business.
Gwyneth Paltrow closes London-based Goop store after losing £1.4 million in revenue
Actress and wellness entrepreneur Gwyneth Paltrow has closed the London-based branch of her Goop lifestyle store.
Has the CBD bubble burst? Love Hemp calls in the administrators
The UK’s #1 supplier of CBD-based products, Love Hemp has called in the administrators. The wellness brand has been ‘unable to secure a permanent solution for its working capital challenges’.
The Detox Market teams up with Faces to launch in the Middle East
The Detox Market has teamed up with Faces to launch in to the Middle East. The clean beauty marketplace will launch on the Faces website before expanding into bricks and mortar in the second half of next year, according to a report published by WWD.
Puig ups stake in Kama Ayurveda
Puig has consolidated its presence in both the Indian market and wellness category with the announcement that it has purchased a majority stake in Kama Ayurveda.
Cannasouth Bioscience signs supply agreement with WEECO Pharma
Cannasouth has signed an agreement with WEECO Pharma for the supply of cannabis flower from New Zealand into Europe.
Hong Kong mulls CBD ban after third of products found to contain traces of THC
Hong Kong’s Security Bureau is considering adding CBD to its Dangerous Drugs Ordinance, according to a report published by the South China Morning Post.