Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.
This Bioengineering Startup Just Raised $90 Million To Make Your Veggie Burger Taste Better – Forbes Africa
One of the ag tech world’s few unicorns is spinning off a new food ingredients company called Motif Ingredients with a $90 million Series A. Motif will leverage intellectual property and facilities from its parent company Ginkgo Bioworks, which was last valued in 2017 at $1.38 billion, when it raised a $275 million Series D.
The woes of Sears and J.C. Penney highlight the challenges facing the mid-priced department store sector, but Kohl’s is determined to buck that trend. The retailer’s shares jumped 7.3%, making it the biggest S&P gainer on Tuesday, after the company reported better-than-expected fiscal-fourth-quarter results.
This week, direct-to-consumer mattress brand Casper reached unicorn status (with a valuation of $1.1 billion) with a $100 million round of funding, making it the third DTC brand this month to do so. The investment is going toward more brick-and-mortar stores-the company currently has 23 stores-and expanding internationally, particularly in Asia, Bloomberg reported.
This Works, the U.K. skin-care brand founded in 2003, launched a new category of products this month called Morning Expert to build out a strategy of serving customers 24 hours a day.
Lifestyle company Equinox has announced that its first short-stay hospitality venture – the long-gestating Equinox Hotel at 35 Hudson Yards – will throw open its doors in June. The innovative project, which has been making waves since it was first announced in 2016, will feature an array of health-centric offerings, such as rooms with amenities devised to increase sleep wellness, and private fitness sessions led by professional trainers and nutritionists.