Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.
Sports company PUMA has joined underwear company Modibodi to launch a range of leak-free period underwear. This time, the range is aiming to be both practical and comfortable for exercise and sport. Period underwear came into prominence in the last couple of years.
Xponential Fitness Inc. reported sales grew 78 percent in the fourth quarter and 45 percent in the year ended December 31. Xponential Fitness’ portfolio of brands includes Club Pilates, CycleBar, StretchLab, Row House, AKT, YogaSix, Pure Barre, STRIDE, Rumble, and BFT.
SoulCycle announced this week it’s permanently closing its Yaletown spin studio in Vancouver. The studio has been closed since November 2020 due to the COVID-19 pandemic, although at the time SoulCycle said the closure would be temporary. On February 28, it sent an email to members confirming the studio would not open its doors again.
Mental health problems cost the UK economy at least £117.9 billion annually according to a new report published today by Mental Health Foundation and the London School of Economics and Political Science (LSE). The cost of mental health problems is equivalent to around 5 per cent of the UK’s GDP.
Virgin Active has announced that Dean Kowarski, founder of The Real Foods Group, has been appointed as its Group CEO. Dean started the Real Foods Group in 2013 and acquired the Kauai business in 2015 and has subsequently grown the business from 100 stores to 204 stores.
( Peloton Interactive NASDAQ:PTON) is still trying to navigate the collapse of its business due to the reopened economy, but this week its stock is tumbling 17.5% from where it closed last Friday, according to data from S&P Global Market Intelligence.