Global wellness industry booms as shoppers make self care a priority
The wellness economy is worth US$4.5 trillion and is growing at twice the rate of the wider economy, says Ogilvy in its Wellness Gap study. Some 77 percent of those surveyed said that wellness is very or extremely important to them.
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We’ll create 25 billion-dollar brands: LVMH Group Chairman to set up Asia-focused private equity fund
Chairman Emeritus of L Catterton Asia and Group Chairman, LVMH South and South East Asia and Australia & New Zealand, Ravi Thakran is poised to launch his own private equity fund, according to a report published by the Financial Times.
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Givaudan reports ‘minimal disruption’ as sales rise 3.7 percent like-for-like in Q3
Givaudan has reported its results for the first nine months of 2020. The Swiss flavors and fragrances giant saw sales rise a respectable 3.7 percent like-for-like to CHF4,790 million, despite the ongoing GVC.
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Pantone period stunt backfires as women contest color
Last week Pantone announced that it had partnered with menstrual cup brand Intimina to create a shade dubbed ‘period’ in a bid to normalise menstruation. However, the move appears to have backfired as several social media commentators took to the platform to query the shade chosen.
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Is Femtech the future? Emjoy attracts US$3 million investment
A sexual self-care app that launched earlier this year, Emjoy has attracted some US$3 million in seed funding in a round led by JME Ventures, according to a report published by TechCrunch.
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India’s Lotus Herbals acquires Vedicare Ayurveda
Lotus Herbals has announced the acquisition of organic skincare and make-up company Vedicare Ayurveda, parent company of SoulTree, according to the Economic Times India.
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Nobu Hospitality to cut ribbon on Portland Square hotel and wellness facility this fall
Nobu Hospitality has announced that it will cut the ribbon on its latest London project this winter, after having its planned summer opening postponed due to COVID-19.
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Former Coty CEO launches global wellness and beauty company, Present Life
Camillo Pane, former CEO of Coty is launching his latest venture today. Present Life is described as a global wellness and beauty company and has attracted a US$20 million investment from capital investment firm The Craftory in return for a controlling interest.
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Tennis star Maria Sharapova invests in tech wellness company Therabody
Tennis ace Maria Sharapova has invested in wellness company Therabody, having also joined its Board of Directors.
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Therme Group unveils plans for multiple wellbeing resorts across UK
Therme Group has unveiled plans to develop its wellbeing resort concept in several cities across the UK. The roll out from its initial Manchester-based hub will create more than 3,000 jobs.
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