Welltodo Today: SoulCycle Already Eyeing UK Expansion, Men Aren’t Buying Lululemon, CBD Investment Isn’t Slowing

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Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.

Supreme Cannabis to Launch London’s Based CBD Investment Platform

The Supreme Cannabis Co. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is launching a London-based investment platform to focus on opportunities in the U.K. and Europe’s CBD health and wellness space. The investment platform, Supreme Heights, plans to make strategic investments in and provide support services

Wellness company pulls £250 ‘fertility drip’ from sale after outcry

Get A Drip apologises for ‘insensitivity’ of product that was criticised by doctors

SoulCycle’s CEO on why the new Soho studio is just the beginning

Melanie Whelan, CEO of cult New York-born spin studio SoulCycle, is just putting the finishing touches in place at her latest outpost: a Polaroid wall, grapefruit-scented candles and an amethyst stone behind the bike on the podium. They “bless” it before each class.

Legacy beauty execs are leaving their jobs for CBD – Glossy

Longstanding corporate beauty executives are headed for greener pastures, predominantly of the CBD variety. Since January, a swath of personnel from companies like L’Oréal Group, Goop and The Honest Co. have decamped to indie CBD brands or launched their own.

Why private equity firm TPG ‘seized an opportunity’ to buy Crunch Fitness

Private-equity firm TPG is making a play in the workout space by acquiring Crunch Fitness. The transaction announced on Monday includes Crunch’s company-owned “Signature” facilities, along with its global franchising business. Financial terms of the agreement were not disclosed. The firm’s buyout of the popular gym chain comes as an increasing number of consumers are getting more fitness-conscious.

Beyond Meat, Other Plant-Based Alternatives Still Have Long Growth Runway

Meat alternative purchases from indie restaurants and other food services including those at Yellowstone National Park and University of Michigan almost quadrupled last year, following a 22% increase in 2017, according to Dining Alliance study’s of a $7.5 billion foodservice buying pool that it’…

Lululemon Closes Menswear-Only Stores

By Bloomberg June 19, 2019 14:54 VANCOUVER, Canada – Lululemon Athletica Inc has quietly closed its men’s standalone stores in New York City and Toronto even as it plans to more than double its men’s business in the next five years.

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