The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
Unilever is setting a target of €1bn (£900m) in annual sales of its plant-based foods through some of its best-known brands, as it seeks to cash in on the growing number of consumers reducing their meat and dairy intake.
As consumers spend more time at home, ditching work clothes and suits for yoga pants and sweats, you would think that sports apparel brand Under Armour would be thriving. But the company that urged athletes to “Fight on Together” has fallen on tough times.
Humphrey Cobbold, CEO of PureGym, has confirmed to HCM that the company’s operations in Poland have been placed into bankruptcy following a strategic review. The 19 gyms will not reopen once the current lockdown in Poland is lifted.
Lora DiCarlo, the sex tech startup founded by Lora Haddock DiCarlo, is among a new wave of women-led companies changing the way people think and talk about sexual wellness. Since its inception three years ago, the brand has been at the forefront of shifting conversations around sexual health and diversity in the tech space, shaking up the industry with its innovative line of sex toys and beyond.
BOSTON – Ocean Spray Cranberries, Inc. is introducing B1U, a new functional beverage line made with simple ingredients and bottled in recyclable packaging. B1U is launching with a collection of four functional infused waters made without sugar or artificial sweeteners.
Lululemon Athletica is adding to its board. Kourtney Gibson, president of U.S.-based investment banking firm Loop Capital Markets, will now serve on the Canadian athletic apparel- and accessory-maker’s board of directors, effective immediately. More from WWD “Kourtney Gibson is an accomplished business leader with an impressive track record of identifying high-growth opportunities for her clients,” Glenn Murphy, Lululemon ‘s chairman, said in a statement.
Global consumer brand Nike made a bold move this year to up its digital game. It allowed college students from around the world to analyze its digital data and look for ways to improve its website and customer engagement.
ALLBIRDS ARE the squint-and-you’ll-miss-’em shoes that ate the tech world. Tejas Priyadarshan, 22, a data scientist for a website in Berkeley, Calif., estimated that over half of his colleagues wear these spartan wool sneakers, completely free of stripes, swooshes, pixelated patterns and other design flourishes.
Upon his inauguration as the 46th president of the United States, President-elect Joe Biden has announced he will sign a series of executive orders to roll back some of the Trump administration’s most harmful policies. The directives will mirror the plans alluded to in Saturday’s victory speech in Delaware.