The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
PureGym considers legal action as UK fitness industry fights back against forced closures in Liverpool
Gym and health club operators with sites in Liverpool, UK, have been left “astounded” at the government’s “retrograde step” in ordering gyms to close in the city, as part of its controversial new three-tier COVID-19 control system*. The decision has been met with universal anger among health club operators – with the sector vowing to fight the ruling.
The Bel Group has announced its ambition to provide a plant-based offering for each one of its core brands, as well as the launch of a new international brand fully dedicated to plant-based products in the next coming months.
As we explain in Top Five Wellness Travel Trends 2021, wellbeing-focused travellers are disillusioned with Western medicine – and employing psychedelics to meet wellness goals. Hong Kong tour operator Behold Retreats leans into this trend with its plant medicine excursions, which provide personalised psilocybin and ayahuasca holidays to legal markets.
inancial wellness is a term you’ve probably heard quite a bit in the past few years. Referring to the ability of a person to live free from financial stress (as a result of having healthy finances), the phrase has come into vogue as “wellness” trends more broadly have seen an uptick.
Not surprisingly, health club operators around the world are projecting lower revenue in 2020 compared to 2019. How much lower? On average, operators project their 2020 revenue will be 63 percent of their 2019 revenue, according to the report “The Fitness Industry’s Re-Awakening Post-COVID-19 Facility Closures .”
Beloved fitness brand SoulCycle seemed to be riding high in 2019 as it opened studios in London and Las Vegas and built an at-home bike. But the CEO was about to leave, followed by nearly a dozen other top executives. Famous instructors quit on Instagram.
With beauty retailers stocking more body care, facial skin-care brands launching body products and the rise of body-care startups, body care is the latest personal care category being given the beauty treatment. As a result, body products are being marketed not just from a self-care angle, but from a skin-care point of view, touting performance-based ingredients and results.
Headspace announced Monday that effective January 1, 2021, president and COO CeCe Morken will become the company’s CEO, while current CEO and cofounder Rich Pierson alongside cofounder Andy Puddicombe will transition to new roles as co-executive chairmen of the board.