Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.
Jennifer Chapin and Amanda Jones were occasional cannabis consumers for most of their adult lives-usually only indulging once a year on homemade pot brownies during an annual girlfriends getaway. Today, they are at the helm of Kikoko, California’s top-selling cannabis beverage brand, available through more than 300 licensed retailers and delivery services across the state.
Footwear giant Accent Group has acquired Stylerunner, an online activewear retailer that went into voluntary administration three weeks ago, for an undisclosed sum. Accent Group CEO Daniel Agostinelli said the acquisition would enable the company to reach a new, predominantly female, audience and tap into the booming activewear and wellness categories.
Plan B: How Blume revamped its fundraising strategy after striking out with investors for a year – Glossy
Originally, in 2016, Blume launched as an organic tampon subscription service under the name of ElloBox. Two years later, the company relaunched as Blume, selling feminine care and skin-care products. Around that time, Blume co-founders (and sisters) Taran and Bunny Ghatrora set out to fundraise and grow the DTC company, but they found their approach lacked the intensity needed to be successful.
By Beyond Meat Inc. is a leader in the rapidly growing plant-based meat space, but UBS analysts are concerns about margins, which could be at risk due to competition. UBS initiated Beyond Meat at neutral with an $85 price target.
Last month, premium women’s activewear brand Varley secured $5m (£3.9m) from Lavendo Investments, which is owned by H&M’s largest shareholder, Ron Dennis, and Brightfolk, the investment vehicle of Anders Holch Povlsen, owner of brand house Bestseller. Varley was founded in 2015 by wife and husband Lara and Ben Mead, making it an early entrant into the market for perfomance-focused premium activewear.
You don’t want to have a basic vagina-speaking of its pH, of course. Like the rest of your body, your nether-regions have a (slightly) acidic tendency, which is why you see vaginal care products (from wipes to cleansers) touting “pH-balanced” benefits galore.