Welltodo Today: Clean Beauty’s Still Attracting Investment, Mirror Launches in Canada, Life Time Goes Public Again

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

‘Democratized’ clean beauty attracts investors as Innbeauty Project receives funding round – Glossy

The investment firms behind premium clean skin-care labels Tatcha and Youth to the People are now setting their sights on affordable price points in the clean category with investment in Innbeauty Project.

How virtual fitness is democratizing access to boutique fitness

Boutique fitness-which has skyrocketed in the past decade-has consistently faced criticism for catering to a privileged and exclusive demographic. A Washington Post article asked in 2018, “Is your spin class too young, too thin, and too white?”

Investment in mental health treatments is beginning to catch up to the demand

Covid-19 had a tragic effect on the world’s mental wellbeing, leading to an increase in severe anxiety and depression across the globe, according to a new report published yesterday in the medical journal The Lancet. Compared to 2019, cases of major depressive disorder increased by 28% and cases of severe anxiety went up 26%.

Lululemon’s Mirror Sets Up Shop in Canada

The athletic apparel and accessories brand is rolling out the at-home fitness machine to 40 stores in Canada, increasing the number of Lululemon stores with Mirror to around 200 in North America and upping the brand’s stake in the at-home fitness market.

Pitbull Took His Life From Negative to Positive, So Now He’s Launching a Wellness Brand

Products featured are independently selected by our editorial team and we may earn a commission from purchases made from our links; the retailer may also receive certain auditable data for accounting purposes. Pitbull is getting in on the health and wellness space with the launch of 305-Life, a new lifestyle brand that “seeks to inspire consumers to get the most out of life.”

Jim Cramer sees ‘decent risk-reward’ in Life Time after the gym chain’s IPO

CNBC’s Jim Cramer on Thursday analyzed the investment case for newly public Life Time Group, saying he believes the high-end gym chain offers investors a “decent risk-reward” following its somewhat under-the-radar IPO. Minnesota-based Life Time closed Thursday’s session at $17.75 per share, slightly below the $18 at which the company sold 39 million shares in its initial public offering.

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