Welltodo Today: Peloton Outsource Manufacturing, Club Pilates Signs Masters Franchise Agreement, Hintsa Performance Raises $5.1M

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

Peloton to outsource all manufacturing as part of its turnaround efforts

Peloton said Tuesday it plans to exit all of its in-house manufacturing and instead will expand its current relationship with Taiwanese manufacturer Rexon Industrial, in a bid to turn the money-losing business around. Peloton Chief Executive Officer Barry McCarthy said this is a step for the company to simplify its supply chain and fix its cost structure, which is a top priority.

Hintsa Performance Raises €5.1M to Expand Its Holistic Wellbeing and Performance Solutions to the Wider Public

HELSINKI, Finland (12 July, 2022) Hintsa Performance , a global leader in high-performance coaching and wellbeing services, has raised €5.1M in new funding from notable investors, including ex-Unilever CEO Paul Polman, K5 Global, The Late Late Show host James Corden, and Charles Plowden, former joint senior partner of Baillie Gifford & Co, who will be the incoming Chair of the Board at Hintsa.

Club Pilates Signs Master Franchise Agreement in the United Kingdom

IRVINE, Calif.–()– Club Pilates, the world’s largest Pilates brand, announced today it has signed a Master Franchise Agreement in the United Kingdom (UK), including England, Scotland, Wales and Northern Ireland. The agreement gives the Master Franchisee the opportunity to license at least 50 Club Pilates studios over the next 10 years.

Mindbody’s 2022 Wellness Index Report Insights – Welltodo

Mindbody, the leading provider of software to global wellness providers, has released its findings from a survey it ran with more than 16,000 Americans. The 2022 Mindbody Wellness Index found that the definition of “wellness” is evolving which, it claims, presents a myriad of exciting opportunities for the salon, spa and integrated health industries.

Singapore’s Mental Health Startup Intellect Raises $10 Million In Funding Round Led By Tiger Global

Singapore-based Intellect has raised an additional $10 million in a Series A extension led by Tiger Global, doubling the total for the investment round to $20 million, which will be used to support the mental health startup’s expansion plans across the Asia-Pacific region.

‘Why the hell wouldn’t we?’: Gymshark on combatting depression while building brand

This week, Gymshark opened a barber shop offering free trims and free mental health chats. Its chief brand officer, Noel Mack, says “it’s obviously brand building,” but asks why can’t you build a brand and do good at the same time?

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