Bed Bath & Beyond to generate $450 million in asset sales
Bed Bath & Beyond is said to expect up $450 million in asset sales, as it looks to a company restructure plan in a bid to boost ailing sales, according to a report by Bloomberg.
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XpressSpa files first quarter results as testing pilot launches at JFK
XpresSpa Group has published a business update and announced that it has filed its financial results for the first quarter of fiscal 2020.
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Beast Brands raises US$3 million in funding round
Beast Brands has closed a US$3 million funding round led by venture capital firm Callais Capital Management.
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Has the CBD bubble burst? Cannabis firms see surge in insurance costs amidst slew of lawsuits
Cannabis firms are witnessing a surge in insurance costs as they race to protect executives from personal liability. The prices hikes follow a slew of lawsuits lodged as investors cite fraud and misleading information, according to a report by Reuters.
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Wuhan General Group teams up with Jugular to create CBD-based wellbeing line
CBD specialist Wuhan General Group has announced that it has signed a letter of intent to pursue a partnership with Jugular in order to create a specialized division that focuses on marketable innovation within the nutraceutical sector.
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Lululemon acquires fitness tech start-up Mirror
Sportswear brand Lululemon has acquired fitness tech start-up Mirror in a deal worth $500 million, according to a report by the Financial Times.
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South Africa’s health minister has published a Notice in the Government Gazette cementing the removal of the cannabis plant from the Schedules to the Medicines Act and down-scheduling THC, therefore paving the way for the CBD-industry to take off in the country, according to a report published by Daily Maverick.
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Neptune names former Walmart exec SVP of Health & Wellness division
Neptune Wellness Solutions has announced the appointment of Robert DiPede as SVP of its Biodroga business unit and recently formed Health & Wellness division
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US health and beauty sales soar as salons shuttered
Sales of health and beauty products rose an impressive 13 percent over the past 12 weeks compared to the same period in 2019, according to a report published by the Financial Times.
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LG Household & Health Care completes deal for Physiogel
LG Household & Health Care has completed its deal to purchase the licence for GlaxoSmithKline’s Physiogel in Asia and the U.S.
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