Headlines in the Global Wellness Economy
Global Wellness News™ | June 2nd, 2022
Supercharging hair health
Women’s health and haircare brands are growing – literally – as many turn their attention to hair loss solutions for female clientele. According to Coherent Market Insights, the global hair care product market will reach more than $150 billion by 2028, and hair loss prevention product market specifically is projected to reach over $31 million by 2028 according to a report by the Insight Partners.
Indie Beauty Brand Vegamour Names Nicole Kidman as Hair Wellness Advocate, Investor
Leading hair wellness brand Vegamour has entered into a strategic partnership with actress and wellness enthusiast Nicole Kidman. Kidman will be joining the company as an investor and brand advocate. This unique partnership is the first step in the company’s global expansion plans, launching nationally into more than 400 Sephora doors in May, with plans to extend to UK, Europe, China and Australia later this year.
Doctors in England now have a prescription alternative for insomnia patients
Up to 800,000 people could benefit from using Sleepio, a digital app to treat insomnia, according to the National Institute for Health and Care Excellence in the United Kingdom.
Asian founders work to steer the narrative as beauty trends pull from their cultures
Growing up in Detroit,skin care brand founderRooshy Roy kept cherished parts of her Indian culture to herself. Staple Indian ingredients – like the turmeric abundant in family dishes and the coconut oil she used to condition her hair – became a source of shame outside of her Kolkata-native parents’ home.
There’s now a $950 Gucci version of the Oura Ring
The Oura Ring was one of the buzziest gadgets during the pandemic. Not only did it spark a weird sleep competition between Gwyneth Paltrow and Kim Kardashian, but it was also featured in the NBA’s COVID prevention plans, and there were several studies to see whether wearables could predict COVID-19.
Elle Enters the Hotel Market
You may soon be able to flip through the latest Elle while lounging in one of the fashion brand’s own hotels. Elle International is launching Elle Hospitality, an arm of the fashion magazine dedicated towards hotels and resorts, Business of Fashion reported. Elle Hospitality is set to open its first property, Maison Elle, in Paris this October.
World’s first social wellness club remedy place announces $5 million raise and $60 million valuation
Remedy Place announced a recent brand valuation of $60 million and the close of a $5 million Bridge Round of investments. With continued momentum, Remedy Place plans to innovate and offer self-care solutions that provide people autonomy over their health and grow its educational platforms to help people feel better and more connected with their bodies and social environments.