Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.
HCM editor, Liz Terry, has launched a Parliamentary Petition calling for gyms to be in the first wave of reopenings after the lockdown and for the government to fund a ‘Work Out to Help Out’ scheme. The petition, which has been accepted by the Parliamentary Petitions Committee, has now gone live on the government’s website.
Jay-Z is launching a fund to invest in minority-owned cannabis startups to bolster Black participation in the industry. The rapper and entrepreneur says he is motivated by an imbalance in the marijuana business: People of color, who have been disproportionately punished for involvement in the drug where it is illegal, comprise only a small number of those making money from the multibillion-dollar market in legalized pot.
According to the BLS, the global fitness industry was worth $87 billion dollars (USD) in 2019. There were about 373,000 fitness trainers and aerobic instructors in the US. Fitness clubs and centers were busy and actively growing. There were, according to Statistica, 174 million fitness club members around the world.
From Peloton to Classpass, meet the 17 digital fitness executives who are transforming the way Americans workout as the pandemic reshapes the exercise industry
Fritz Lanman, CEO of ClassPass Though the ClassPass model was built on connecting consumers to group classes at studios across the country, the onset of the pandemic pushed the company to quickly reinvent itself. Within ten days of state-mandated shutdowns, ClassPass enabled 5,000 studios to begin offering digital classes for the first time.
weaty Betty boosted sales in 2020 after seeing high demand for ‘bum-sculpting’ leggings and other activewear during the pandemic, the retailer has revealed. The company, which was founded in 1998 in Notting Hill, said it continued to grow last year, “despite the exceptionally challenging global environment, and with stores closed for most of the year”.
Originally founded in 2002 with a small London store on the Kings Road, The Organic Pharmacy was born from an idea its founder had to take beauty into new realms. Focused on the body, mind and environment, the store employed herbalists, pharmacists, homeopaths, and aestheticians to offer a range of wellness and beauty products and advice to shoppers.
Peloton co-founder Graham Stanton doesn’t want his employees to have all the answers. During the early days of the stationary bike startup, the team’s inexperience was one of the company’s biggest assets, Stanton said Wednesday during a virtual interview hosted by Cedar, a health care technology company.